CIBC Trims Klondex Mines (KDX) Target Price to C$3.25

Klondex Mines (TSE:KDX) had its price objective cut by CIBC from C$4.25 to C$3.25 in a research note released on Thursday morning.

KDX has been the topic of several other research reports. Roth Capital reissued a buy rating and set a C$5.25 price target on shares of Klondex Mines in a research note on Wednesday, October 4th. Scotiabank reissued a sector perform rating and set a C$6.00 price target on shares of Klondex Mines in a research note on Friday, November 17th. BMO Capital Markets cut their price objective on Klondex Mines from C$3.75 to C$3.25 and set a market perform rating for the company in a research report on Wednesday. Canaccord Genuity lifted their price objective on Klondex Mines from C$5.50 to C$6.00 in a research report on Friday, September 29th. Finally, Royal Bank of Canada cut their price objective on 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Klondex Mines presently has a consensus rating of Buy and an average target price of C$4.80.

Shares of Klondex Mines (TSE KDX) opened at C$2.67 on Thursday. The company has a market capitalization of $478.48, a P/E ratio of -11.61 and a beta of -0.38. Klondex Mines has a 52 week low of C$2.10 and a 52 week high of C$7.73.

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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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