Is Klondex Mines Ltd a Buy? The Stock Reaches All-Time High Today

 Is Klondex Mines Ltd a Buy? The Stock Reaches All Time High Today

The stock of Klondex Mines Ltd (TSE:KDX) reached all time high today, Nov, 2 and still has $10.48 target or 37.00% above today’s $7.65 share price. This indicates more upside for the $1.19 billion company. This technical setup was reported by If the $10.48 PT is reached, the company will be worth $440.30M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 564,491 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 -15.56% below today’s ($7.65) stock price. Klondex Mines Ltd. has been the topic of 12 analyst reports since September 18, 2015 according to StockzIntelligence Inc. As per Thursday, August 11, the company rating was maintained by Scotia Capital. On Monday, August 22 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Klondex Mines Ltd (TSE:KDX) has “Outperform” rating given on Friday, September 18 by Ringler Research. The stock has “Sector Perform” rating given by Ringler Research on Wednesday, October 7. The firm has “Buy” rating given on Friday, September 25 by Dundee Securities. The stock has “Sector Perform” rating given by Scotia Capital on Friday, October 14. The rating was maintained by RBC Capital Markets on Friday, December 18 with “Outperform”.

More recent Klondex Mines Ltd (TSE:KDX) news were published by: which released: “BRIEF-Klondex Mines Ltd reiterates 2016 production guidance” on October 13, 2016. Also published the news titled: “Klondex Mines Ltd. NYSE MKT: KLDX” on October 08, 2015.‘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 $1.19 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 50.72 P/E ratio. The Company’s divisions include Fire Creek, Midas, True North, and Corporate and other.

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