Klondex Mines (KDX) Trading Down 7.5%
Shares of Klondex Mines Ltd (TSE:KDX) traded down 7.5% on Friday . The company traded as low as C$1.96 and last traded at C$1.96. 4,168,182 shares were traded during trading, an increase of 469% from the average session volume of 731,925 shares. The stock had previously closed at C$2.12.
A number of analysts have weighed in on the stock. Scotiabank dropped their target price on shares of Klondex Mines from C$3.50 to C$3.00 and set a “sector perform” rating on the stock in a report on Wednesday. Royal Bank of Canada cut shares of Klondex Mines from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$4.50 to C$3.00 in a report on Wednesday. Canaccord Genuity cut shares of Klondex Mines from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$4.15 to C$2.75 in a report on Wednesday. Clarus Securities reissued an “accumulate” rating on shares of Klondex Mines in a report on Monday, February 5th. Finally, CIBC dropped their target price on shares of Klondex Mines from C$4.25 to C$3.25 in a report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Klondex Mines currently has an average rating of “Buy” and an average price target of C$4.11.
The firm has a market capitalization of $365.63, a price-to-earnings ratio of -8.83 and a beta of -0.58.
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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.
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