Klondex Mines Ltd Stock Price Increases Today


 Klondex Mines Ltd Stock Price Increases Today

The stock of Klondex Mines Ltd (TSE:KDX) is a huge mover today! About 58,529 shares traded hands. Klondex Mines Ltd (TSE:KDX) has risen 77.18% since March 10, 2016 and is uptrending. It has outperformed by 71.57% the S&P500.
The move comes after 6 months positive chart setup for the $999.08M company. It was reported on Oct, 17 by Barchart.com. We have $11.64 PT which if reached, will make TSE:KDX worth $669.38M more.

Klondex Mines Ltd (TSE:KDX) Ratings Coverage

Out of 5 analysts covering Klondex Mines Ltd. (TSE:KDX), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $8.50 is the highest target while $3.10 is the lowest. The $6.25 average target is -10.33% below today’s ($6.97) stock price. Klondex Mines Ltd. has been the topic of 11 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The stock of Klondex Mines Ltd (TSE:KDX) earned “Outperform” rating by RBC Capital Markets on Friday, December 18. On Friday, October 14 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was downgraded by Ringler Research on Wednesday, October 7 to “Sector Perform”. The company was reinitiated on Friday, September 25 by Dundee Securities. Scotia Capital maintained Klondex Mines Ltd (TSE:KDX) rating on Thursday, August 11. Scotia Capital has “Outperform” rating and $6.25 price target. The firm has “Outperform” rating by Ringler Research given on Friday, September 18. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, August 22.

More recent Klondex Mines Ltd (TSE:KDX) news were published by: Reuters.com which released: “BRIEF-Klondex Mines Ltd reiterates 2016 production guidance” on October 05, 2016. Also Marketwatch.com published the news titled: “Klondex Mines Ltd. NYSE MKT: KLDX” on October 08, 2015. Business.Financialpost.com‘s news article titled: “Podcast: Klondex Mines Ltd CEO Paul Huet on expanding gold production into Canada” with publication date: April 22, 2016 was also an interesting one.

Klondex Mines Ltd. is a Canada-based gold and silver mining company. The company has a market cap of $999.08 million. The Firm is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada , and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas). It has a 47.09 P/E ratio. The Company’s divisions include Fire Creek, Midas, and Corporate and other.

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