Klondex Mines Ltd (KDX) PT Set at C$6.00 by Scotiabank

Klondex Mines Ltd (TSE:KDX) has been given a C$6.00 price objective by Scotiabank in a note issued to investors on Thursday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 26.05% from the company’s current price.

Several other brokerages have also recently commented on KDX. Pi Financial reduced their target price on Klondex Mines from C$7.15 to C$6.35 in a report on Monday, March 27th. Royal Bank Of Canada reduced their target price on Klondex Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Monday, March 27th. BMO Capital Markets reduced their target price on Klondex Mines from C$5.75 to C$5.25 in a report on Thursday. Finally, CIBC reduced their target price on Klondex Mines from C$7.00 to C$6.00 in a report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$6.62.

Analyst Recommendations for Klondex Mines (TSE:KDX)

Klondex Mines (KDX) opened at 4.76 on Thursday. Klondex Mines has a 1-year low of $3.88 and a 1-year high of $7.95. The company’s 50-day moving average is $4.45 and its 200 day moving average is $5.76. The company’s market cap is $844.04 million.

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Klondex Mines Company Profile

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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