Klondex Mines (TSE:KDX) had its price objective cut by analysts at Royal Bank of Canada from C$3.00 to C$2.50 in a research report issued to clients and investors on Monday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 14.09% from the stock’s current price.
Several other equities research analysts also recently commented on KDX. Scotiabank dropped their price objective on shares of Klondex Mines from C$3.00 to C$2.75 and set a “sector perform” rating on the stock in a report on Thursday, March 15th. Clarus Securities reaffirmed a “speculative buy” rating on shares of Klondex Mines in a report on Friday, March 16th. Canaccord Genuity dropped their price objective on shares of Klondex Mines from C$4.50 to C$4.25 in a report on Friday, January 19th. CIBC dropped their price objective on shares of Klondex Mines from C$4.25 to C$3.25 in a report on Thursday, January 11th. Finally, BMO Capital Markets decreased their price target on 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Klondex Mines currently has a consensus rating of “Buy” and an average target price of C$4.02.
Shares of Klondex Mines stock opened at C$2.91 on Monday. The company has a market cap of $314.08, a PE ratio of -12.13 and a beta of -0.18. Klondex Mines has a fifty-two week low of C$1.66 and a fifty-two week high of C$6.42.
In related news, insider Global Resource Manag Waterton purchased 1,571,562 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were purchased at an average cost of C$1.76 per share, for a total transaction of C$2,765,949.12. Over the last quarter, insiders have bought 1,673,549 shares of company stock worth $2,926,224.
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.
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