Klondex Mines Ltd (KDX) Given Average Rating of “Hold” by Analysts

Shares of Klondex Mines Ltd (TSE:KDX) have been assigned a consensus rating of “Buy” from the nine brokerages that are covering the firm. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$6.67.

A number of equities analysts have weighed in on the company. Scotiabank decreased their price target on Klondex Mines from C$7.00 to C$6.75 and set a “sector perform” rating for the company in a report on Friday, March 24th. Canaccord Genuity upped their target price on Klondex Mines from C$6.75 to C$7.00 in a research report on Friday, February 3rd. CIBC cut their target price on Klondex Mines from C$7.50 to C$7.00 in a research report on Monday, March 27th. Royal Bank of Canada cut their target price on Klondex Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Finally, Pi Financial cut their target price on Klondex Mines from C$7.15 to C$6.35 in a research report on Monday, March 27th.

Klondex Mines (TSE:KDX) traded up 0.63% during trading on Friday, reaching $4.80. 1,261,036 shares of the company traded hands. The firm has a 50-day moving average price of $5.76 and a 200-day moving average price of $6.49. Klondex Mines has a 52 week low of $4.07 and a 52 week high of $7.95. The company’s market capitalization is $851.10 million.

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In other news, Director Blair Schultz sold 100,000 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of C$6.45, for a total value of C$645,000.00. Also, Director William Matlack sold 4,400 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of C$7.38, for a total value of C$32,472.00. Insiders sold 382,284 shares of company stock worth $2,730,323 over the last ninety days.

About Klondex Mines

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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