Klondex Mines (KDX) Rating Lowered to Hold at Canaccord Genuity

Canaccord Genuity downgraded shares of Klondex Mines (TSE:KDX) from a buy rating to a hold rating in a report published on Wednesday morning. The firm currently has C$2.75 price objective on the stock, down from their previous price objective of C$4.15.

KDX has been the topic of a number of other research reports. CIBC lowered their price target on Klondex Mines from C$5.00 to C$4.25 in a report on Tuesday, November 28th. Scotiabank set a C$6.00 price target on Klondex Mines and gave the stock a sector perform rating in a report on Thursday, November 23rd. Royal Bank of Canada lowered their price target on Klondex Mines from C$7.50 to C$4.50 and set an outperform rating on the stock in a report on Tuesday, November 14th. BMO Capital Markets restated a market perform rating and issued a C$5.00 price target on shares of Klondex Mines in a report on Tuesday, October 24th. Finally, Clarus Securities restated an accumulate rating on shares of Klondex Mines in a report on Monday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Klondex Mines presently has a consensus rating of Buy and a consensus price target of C$4.11.

Shares of Klondex Mines (TSE KDX) opened at C$2.21 on Wednesday. The firm has a market capitalization of $395.49, a P/E ratio of -9.61 and a beta of -0.58. Klondex Mines has a fifty-two week low of C$2.04 and a fifty-two week high of C$7.73.

Klondex Mines (TSE:KDX) last released its quarterly earnings results on Thursday, November 9th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.10). Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.

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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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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