Shares of Klondex Mines (TSE:KDX) have received an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$3.94.
A number of research firms have recently weighed in on KDX. Scotiabank reaffirmed a “tender” rating and issued a C$3.05 target price on shares of Klondex Mines in a research report on Thursday, April 26th. Canaccord Genuity upped their target price on shares of Klondex Mines from C$2.75 to C$3.00 in a research report on Monday, April 23rd. Roth Capital downgraded shares of Klondex Mines from a “buy” rating to a “neutral” rating in a research report on Monday, March 19th. HC Wainwright downgraded shares of Klondex Mines from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 20th. Finally, Royal Bank of Canada reduced their target price on shares of Klondex Mines from C$3.00 to C$2.50 and set a “sector perform” rating on the stock in a research report on Monday, March 19th.
Klondex Mines stock traded up C$0.01 during mid-day trading on Friday, reaching C$3.24. 172,300 shares of the company traded hands, compared to its average volume of 824,473. Klondex Mines has a 52-week low of C$1.66 and a 52-week high of C$5.03.
Klondex Mines (TSE:KDX) last released its earnings results on Wednesday, March 14th. The company reported C$0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.04) by C$0.05. The firm had revenue of C$80.39 million for the quarter, compared to the consensus estimate of C$86.49 million. Klondex Mines had a negative net margin of 27.41% and a negative return on equity of 18.97%.
In other news, insider Global Resource Manag Waterton purchased 1,571,562 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average price of C$1.76 per share, for a total transaction of C$2,765,949.12. In the last quarter, insiders purchased 1,673,549 shares of company stock worth $2,926,224.
About Klondex Mines
Klondex Mines Ltd., together with its subsidiaries, acquires, explores, develops, and produces mineral properties in the United States and Canada. It primarily explores for gold and silver deposits. The company holds 100% interests in the Fire Creek mine covering approximately 19,000 acres located in Lander County; the Midas mine and ore milling facility covering approximately 30,000 acres situated in Elko County; and the Hollister mine approximately 18,000 acres located in Elko County.
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