Shares of Klondex Mines Ltd (TSE:KDX) reached a new 52-week low on Tuesday . The stock traded as low as C$1.94 and last traded at C$1.95, with a volume of 287164 shares trading hands. The stock had previously closed at C$2.00.

KDX has been the subject of a number of recent research reports. Scotiabank reduced their price objective on shares of Klondex Mines from C$3.50 to C$3.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 7th. Royal Bank of Canada downgraded shares of Klondex Mines from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$4.50 to C$3.00 in a research note on Wednesday, February 7th. Canaccord Genuity downgraded shares of Klondex Mines from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$4.15 to C$2.75 in a research note on Wednesday, February 7th. Clarus Securities reissued an “accumulate” rating on shares of Klondex Mines in a research note on Monday, February 5th. Finally, CIBC reduced their price objective on shares of Klondex Mines from C$4.25 to C$3.25 in a research note 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 has a consensus rating of “Buy” and an average price target of C$4.11.

The firm has a market capitalization of $357.95, a P/E ratio of -8.65 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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