Klondex Mines Ltd (TSE:KDX) had its price objective lowered by equities research analysts at CIBC from C$6.00 to C$5.00 in a research report issued to clients and investors on Monday. CIBC’s price target indicates a potential upside of 78.57% from the stock’s previous close.
Several other brokerages also recently weighed in on KDX. Roth Capital reissued a “buy” rating and issued a C$5.25 target price on shares of Klondex Mines in a research note on Wednesday, October 4th. Canaccord Genuity boosted their target price on shares of Klondex Mines from C$5.50 to C$6.00 in a research note on Friday, September 29th. Laurentian Bank of Canada cut their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a research note on Thursday, August 17th. Laurentian cut their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating for the company in a research note on Thursday, August 17th. Finally, Pi Financial raised shares of Klondex Mines from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$4.15 to C$4.85 in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Klondex Mines has a consensus rating of “Buy” and an average target price of C$5.36.
Klondex Mines (TSE KDX) opened at C$2.80 on Monday. Klondex Mines has a one year low of C$2.75 and a one year high of C$7.73.
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In related news, Director Blair Schultz acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of C$4.00 per share, with a total value of C$100,000.00.
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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