The Klondex Mines Ltd. (KDX) Stock Rating Reaffirmed by Scotiabank

The Klondex Mines Ltd. (KDX) Stock Rating Reaffirmed by Scotiabank

Klondex Mines Ltd. (TSE:KDX)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Scotiabank in a research note issued to investors on Wednesday. They presently have a C$8.00 price target on the stock. Scotiabank’s price objective would suggest a potential upside of 12.04% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. M Partners reiterated a “buy” rating on shares of Klondex Mines in a research note on Monday, July 18th. BMO Capital Markets reiterated a “market perform” rating and set a C$7.25 target price on shares of Klondex Mines in a research note on Monday, August 22nd. Canaccord Genuity upped their target price on shares of Klondex Mines from C$6.00 to C$6.75 in a research note on Tuesday, July 12th. Dundee Securities increased their price objective on shares of Klondex Mines from C$5.50 to C$8.25 in a research note on Thursday, September 15th. Finally, Royal Bank Of Canada increased 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. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$7.06.

Shares of Klondex Mines (TSE:KDX) opened at 7.14 on Wednesday. The company has a market capitalization of $1.03 billion and a P/E ratio of 64.91. The firm’s 50 day moving average is $7.11 and its 200-day moving average is $5.47. Klondex Mines has a 52-week low of $2.56 and a 52-week high of $7.84.

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