What’s in Klondex Mines Ltd After Today’s Huge Decline?

 What's in Klondex Mines Ltd After Today's Huge Decline?

The stock of Klondex Mines Ltd (TSE:KDX) is a huge mover today! About 327,886 shares traded hands. Klondex Mines Ltd (TSE:KDX) has risen 52.04% since April 8, 2016 and is uptrending. It has outperformed by 47.06% the S&P500.
The move comes after 7 months negative chart setup for the $800.08M company. It was reported on Nov, 14 by Barchart.com. We have $5.58 PT which if reached, will make TSE:KDX worth $40.00 million less.

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. Klondex Mines Ltd. has been the topic of 12 analyst reports since September 18, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, September 25 by Dundee Securities. The firm earned “Sector Perform” rating on Friday, October 14 by Scotia Capital. BMO Capital Markets maintained Klondex Mines Ltd (TSE:KDX) on Monday, August 22 with “Market Perform” rating. Ringler Research maintained the stock with “Outperform” rating in Friday, September 18 report. The rating was downgraded by Ringler Research on Wednesday, October 7 to “Sector Perform”. On Thursday, August 11 the stock rating was maintained by Scotia Capital with “Outperform”. RBC Capital Markets maintained the shares of KDX in a report on Friday, December 18 with “Outperform” rating.

More news for Klondex Mines Ltd (TSE:KDX) 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.

Klondex Mines Ltd is a Canada-based gold and silver mining company. The company has a market cap of $800.08 million. 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 33.33 P/E ratio. The Company’s divisions include Fire Creek, Midas, True North, and Corporate and other.

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