Klondex Mines Ltd. (TSE:KDX) – Analysts at Clarus Securities upped their FY2017 earnings estimates for shares of Klondex Mines in a report issued on Friday. Clarus Securities analyst J. Spratt now expects that the brokerage will post earnings per share of $0.74 for the year, up from their previous forecast of $0.73. Clarus Securities also issued estimates for Klondex Mines’ FY2018 earnings at $0.87 EPS.
KDX has been the topic of several other reports. Scotiabank reissued an “outperform” rating and set a C$5.00 price target on shares of Klondex Mines in a research note on Wednesday, July 13th. Dundee Securities raised their price objective on shares of Klondex Mines from C$5.50 to C$8.25 in a research note on Thursday, September 15th. Royal Bank Of Canada raised their price objective on shares of Klondex Mines from C$7.50 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, September 15th. M Partners reaffirmed a “buy” rating on shares of Klondex Mines in a research note on Monday, July 18th. Finally, CIBC assumed coverage on shares of Klondex Mines in a research note on Friday, September 30th. They issued a “sector perform” rating and a C$8.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$7.06.
Shares of Klondex Mines (TSE:KDX) traded up 0.72% during midday trading on Monday, hitting $6.98. 83,837 shares of the company were exchanged. The firm has a market capitalization of $1.01 billion and a price-to-earnings ratio of 63.45. The firm’s 50 day moving average price is $7.11 and its 200 day moving average price is $5.55. Klondex Mines has a one year low of $2.56 and a one year high of $7.84.
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).
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