The stock of Klondex Mines Ltd (TSE:KDX) hit a new 52-week high and has $11.16 target or 44.00% above today’s $7.75 share price. The 9 months bullish chart indicates low risk for the $1.21B company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $11.16 price target is reached, the company will be worth $532.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 522,821 shares traded hands. Klondex Mines Ltd (TSE:KDX) has risen 116.85% since March 29, 2016 and is uptrending. It has outperformed by 114.33% the S&P500.
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 $6.46 average target is -16.65% below today’s ($7.75) stock price. Klondex Mines Ltd. has been the topic of 12 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by Scotia Capital on Friday, October 14. On Friday, December 18 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Wednesday, October 7, the company rating was downgraded by Ringler Research. The company was maintained on Monday, August 22 by BMO Capital Markets. Scotia Capital maintained Klondex Mines Ltd (TSE:KDX) on Thursday, August 11 with “Outperform” rating. The company was maintained on Friday, September 18 by Ringler Research. The firm earned “Buy” rating on Friday, September 25 by Dundee Securities.
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 13, 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 $1.21 billion. The Firm 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. It has a 51.38 P/E ratio. The Company’s divisions include Fire Creek, Midas, True North, and Corporate and other.
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