Market Runner: What’s Next for Klondex Mines Ltd After Today’s Significant Increase?

Market Runner: What's Next for Klondex Mines Ltd After Today's Significant Increase?

The stock of Klondex Mines Ltd (NYSEMKT:KLDX) is a huge mover today! About 157,901 shares traded hands. Klondex Mines Ltd (NYSEMKT:KLDX) has risen 89.82% since April 5, 2016 and is uptrending. It has outperformed by 87.87% the S&P500.
The move comes after 8 months positive chart setup for the $779.44M company. It was reported on Nov, 8 by Barchart.com. We have $6.50 PT which if reached, will make NYSEMKT:KLDX worth $194.86M more.

Analysts await Klondex Mines Ltd (NYSEMKT:KLDX) to report earnings on November, 9. They expect $0.07 earnings per share, up 75.00% or $0.03 from last year’s $0.04 per share. KLDX’s profit will be $10.49 million for 18.57 P/E if the $0.07 EPS becomes a reality. After $0.04 actual earnings per share reported by Klondex Mines Ltd for the previous quarter, Wall Street now forecasts 75.00% EPS growth.

Klondex Mines Ltd (NYSEMKT:KLDX) Ratings Coverage

Out of 2 analysts covering Klondex Mines (NYSEMKT:KLDX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Klondex Mines has been the topic of 2 analyst reports since May 2, 2016 according to StockzIntelligence Inc. Canaccord Genuity downgraded the shares of KLDX in a report on Thursday, September 15 to “Hold” rating. The stock of Klondex Mines Ltd (NYSEMKT:KLDX) earned “Buy” rating by Rodman & Renshaw on Monday, May 2.

According to Zacks Investment Research, “Klondex Mines Ltd. is focused on exploration, development and production of mineral properties. It primarily explores for gold and silver properties in Nevada. The company’s project consists of Fire Creek Property and Midas mine and ore milling. Klondex Mines Ltd. is headquartered in Vancouver, Canada.”

More news for Klondex Mines Ltd (NYSEMKT:KLDX) were recently published by: Reuters.com, which released: “BRIEF-Klondex Mines Ltd reiterates 2016 production guidance” on October 13, 2016. Marketwatch.com‘s article titled: “Klondex Mines Ltd. NYSE MKT: KLDX” and published on October 08, 2015 is yet another important article.

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