Klondex Mines (KDX) Given “Accumulate” Rating at Clarus Securities

Clarus Securities reissued their accumulate rating on shares of Klondex Mines (TSE:KDX) in a research report sent to investors on Monday morning. Clarus Securities also issued estimates for Klondex Mines’ FY2017 earnings at $0.07 EPS, FY2018 earnings at $0.30 EPS and FY2019 earnings at $0.42 EPS.

Several other analysts have also issued reports on the stock. Scotiabank set a C$4.50 target price on shares of Klondex Mines and gave the company a sector perform rating in a research report on Monday, January 22nd. Canaccord Genuity dropped their target price on shares of Klondex Mines from C$4.50 to C$4.25 in a research report on Friday, January 19th. CIBC dropped their target price on shares of Klondex Mines from C$4.25 to C$3.25 in a research report on Thursday, January 11th. BMO Capital Markets dropped their target price on shares of Klondex Mines from C$3.75 to C$3.25 and set a market perform rating on the stock in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada lowered their price target on shares of Klondex Mines from C$7.50 to C$4.50 and set an outperform rating on the stock in a research report on Tuesday, November 14th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$4.11.

Shares of Klondex Mines (TSE KDX) opened at C$2.12 on Monday. Klondex Mines has a 52-week low of C$2.04 and a 52-week high of C$7.73. The stock has a market cap of $388.52, a PE ratio of -9.22 and a beta of -0.58.

Klondex Mines (TSE:KDX) last announced its earnings results on Thursday, November 9th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.10). Klondex Mines had a negative net margin of 27.41% and a negative return on equity of 18.97%. The company had revenue of C$61.28 million during the quarter, compared to analyst estimates of C$66.14 million.

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Klondex Mines Company Profile

Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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