FY2018 EPS Estimates for Klondex Mines Ltd (KDX) Lowered by Analyst

Klondex Mines Ltd (TSE:KDX) – Equities research analysts at Clarus Securities cut their FY2018 earnings per share (EPS) estimates for Klondex Mines in a research report issued to clients and investors on Wednesday. Clarus Securities analyst J. Spratt now forecasts that the company will post earnings per share of $0.18 for the year, down from their previous estimate of $0.30. Clarus Securities has a “Accumulate” rating on the stock. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.33 EPS.

KDX has been the subject of a number of other research reports. BMO Capital Markets reissued a “market perform” rating and issued a C$5.00 price target on shares of Klondex Mines in a research note on Tuesday, October 24th. Scotiabank reissued a “sector perform” rating and set a C$6.00 price objective on shares of Klondex Mines in a research report on Friday, December 22nd. CIBC reduced their price objective on shares of Klondex Mines from C$6.00 to C$5.00 in a research report on Monday, November 13th. Royal Bank of Canada reduced their price objective on shares of Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Finally, Canaccord Genuity reduced their price objective on shares of Klondex Mines from C$4.50 to C$4.25 in a research report on Friday, January 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Klondex Mines presently has an average rating of “Buy” and a consensus target price of C$4.11.

Klondex Mines (TSE KDX) traded down C$0.10 during trading on Friday, hitting C$2.02. 4,122,373 shares of the stock traded hands, compared to its average volume of 594,068. The firm has a market cap of $371.04, a price-to-earnings ratio of -8.96 and a beta of -0.58. Klondex Mines has a one year low of C$1.97 and a one year high of C$7.73.

Klondex Mines (TSE:KDX) last released its quarterly earnings data on Thursday, November 9th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.10). The firm had revenue of C$61.28 million for the quarter, compared to analyst estimates of C$66.14 million. 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.

Earnings History and Estimates for Klondex Mines (TSE:KDX)

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