Klondex Mines Ltd (KDX) Stock Rating Reaffirmed by Roth Capital
Klondex Mines Ltd (TSE:KDX)‘s stock had its “buy” rating reissued by equities researchers at Roth Capital in a research report issued on Wednesday. They currently have a C$5.25 price objective on the stock. Roth Capital’s target price points to a potential upside of 12.42% from the company’s current price.
KDX has been the topic of a number of other research reports. Laurentian Bank of Canada dropped their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a report on Thursday, August 17th. Laurentian dropped their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a “buy” rating on the stock in a report on Thursday, August 17th. HC Wainwright restated a “buy” rating on shares of Klondex Mines in a report on Tuesday, September 19th. Canaccord Genuity boosted their target price on shares of Klondex Mines from C$5.50 to C$6.00 in a report on Friday, September 29th. Finally, Scotiabank restated a “sector perform” rating and set a C$6.00 target price on shares of Klondex Mines in a report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$5.83.
Klondex Mines (TSE:KDX) opened at 4.67 on Wednesday. Klondex Mines has a 52 week low of $3.57 and a 52 week high of $7.95. The company’s market capitalization is $828.05 million. The company’s 50-day moving average is $4.27 and its 200 day moving average is $4.50.
In related news, Director Blair Schultz purchased 25,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of C$4.00 per share, with a total value of C$100,000.00.
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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