Today: Klondex Mines Ltd (KLDX) Given $3.84 Consensus Target Price by Analysts

Today: Klondex Mines Ltd (KLDX) Given $3.84 Consensus Target Price by Analysts

Klondex Mines Ltd (NASDAQ:KLDX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $3.84 for the company, according to Zacks. Zacks has also assigned Klondex Mines an industry rank of 30 out of 265 based on the ratings given to its competitors.

KLDX has been the topic of several research reports. Zacks Investment Research raised shares of Klondex Mines from a “sell” rating to a “hold” rating and set a $5.00 price target on the stock in a research note on Wednesday, July 13th. BMO Capital Markets reissued a “hold” rating on shares of Klondex Mines in a research note on Thursday, September 15th. Canaccord Genuity downgraded shares of Klondex Mines from a “buy” rating to a “hold” rating in a research note on Thursday, September 15th. Finally, Scotiabank downgraded shares of Klondex Mines from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 13th.

A hedge fund recently raised its stake in Klondex Mines stock. Creative Planning boosted its stake in Klondex Mines Ltd (NASDAQ:KLDX) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,000 shares of the company’s stock after buying an additional 2,000 shares during the period. Creative Planning’s holdings in Klondex Mines were worth $184,000 at the end of the most recent reporting period.

Klondex Mines (NASDAQ:KLDX) opened at 5.24 on Friday. The firm has a 50 day moving average of $5.42 and a 200-day moving average of $4.25. Klondex Mines has a 1-year low of $1.76 and a 1-year high of $6.03. The company has a market capitalization of $758.86 million and a price-to-earnings ratio of 47.64.

About Klondex Mines

Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).

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