Klondex Mines Ltd’s Trend Up, Especially After Today’s Strong Session

 Klondex Mines Ltd's Trend Up, Especially After Today's Strong Session

The stock of Klondex Mines Ltd (TSE:KDX) is a huge mover today! About 79,277 shares traded hands. Klondex Mines Ltd (TSE:KDX) has risen 62.24% since April 14, 2016 and is uptrending. It has outperformed by 57.81% the S&P500.
The move comes after 6 months positive chart setup for the $962.42M company. It was reported on Nov, 18 by Barchart.com. We have $7.77 PT which if reached, will make TSE:KDX worth $250.23 million 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 $6.46 average target is 4.70% above today’s ($6.17) stock price. Klondex Mines Ltd. has been the topic of 12 analyst reports since September 18, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, August 22 report. The firm has “Buy” rating given on Friday, September 25 by Dundee Securities. The rating was maintained by Scotia Capital on Thursday, August 11 with “Outperform”. The firm earned “Sector Perform” rating on Friday, October 14 by Scotia Capital. The firm earned “Outperform” rating on Friday, September 18 by Ringler Research. The firm has “Sector Perform” rating given on Wednesday, October 7 by Ringler Research. 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: Reuters.com which released: “BRIEF-Klondex Mines Ltd reiterates 2016 production guidance” on October 13, 2016. Also Streetinsider.com published the news titled: “Form 6-K KLONDEX MINES LTD For: Nov 17” on November 17, 2016. Marketwatch.com‘s news article titled: “Klondex Mines Ltd. NYSE MKT: KLDX” with publication date: October 08, 2015 was also an interesting one.

Klondex Mines Ltd is a Canada-based gold and silver mining company. The company has a market cap of $962.42 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 35.08 P/E ratio. The Company’s divisions include Fire Creek, Midas, True North, and Corporate and other.

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