Investment analysts at CIBC began coverage on shares of Klondex Mines Ltd. (TSE:KDX) in a report released on Friday. The brokerage set a “sector perform” rating and a C$8.00 price target on the stock. CIBC’s price objective would suggest a potential upside of 7.67% from the stock’s current price.
KDX has been the subject of several other reports. Scotiabank boosted their price objective on Klondex Mines from C$6.25 to C$7.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. Canaccord Genuity lowered Klondex Mines from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$6.75 to C$8.00 in a research report on Thursday, September 15th. Dundee Securities boosted their price objective on Klondex Mines from C$5.50 to C$8.25 in a research report on Thursday, September 15th. Royal Bank Of Canada boosted their price objective on Klondex Mines from C$7.50 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, September 15th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$7.25 price objective on shares of Klondex Mines in a research report on Monday, August 22nd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$6.70.
Shares of Klondex Mines (TSE:KDX) opened at 7.43 on Friday. The stock has a 50 day moving average of $7.13 and a 200 day moving average of $5.34. Klondex Mines has a 52 week low of $2.56 and a 52 week high of $7.84. The firm has a market cap of $1.08 billion and a P/E ratio of 67.55.
Klondex Mines Company Profile
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
Receive News & Ratings for Klondex Mines Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klondex Mines Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.