BMO Capital Markets Lowers Klondex Mines (KDX) Price Target to C$3.25

Klondex Mines (TSE:KDX) had its target price decreased by BMO Capital Markets from C$3.75 to C$3.25 in a research note released on Wednesday morning. BMO Capital Markets currently has a market perform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Scotiabank dropped their price target on shares of Klondex Mines from C$5.25 to C$4.50 and set a sector perform rating for the company in a research note on Wednesday. HC Wainwright reaffirmed a buy rating on shares of Klondex Mines in a research note on Tuesday, September 19th. Pi Financial upgraded shares of Klondex Mines from a neutral rating to a buy rating and increased their price objective for the stock from C$4.15 to C$4.85 in a research report on Wednesday, September 20th. Royal Bank of Canada decreased their price objective on shares of Klondex Mines from C$7.50 to C$4.50 and set an outperform rating for the company in a research report on Tuesday, November 14th. Finally, CIBC decreased their price objective on shares of Klondex Mines from C$5.00 to C$4.25 in a research report on Tuesday, November 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$4.80.

Klondex Mines (TSE:KDX) traded up C$0.04 during mid-day trading on Wednesday, hitting C$2.66. 798,776 shares of the stock traded hands, compared to its average volume of 634,335. The company has a market capitalization of $480.94, a P/E ratio of -11.57 and a beta of -0.38. Klondex Mines has a 12-month low of C$2.10 and a 12-month high of C$7.73.

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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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