Is Klondex Mines Ltd a Sell? The Stock Declines Again

 Is Klondex Mines Ltd a Sell? The Stock Declines Again

The stock of Klondex Mines Ltd (TSE:KDX) is a huge mover today! About 321,906 shares traded hands. Klondex Mines Ltd (TSE:KDX) has risen 47.84% since April 21, 2016 and is uptrending. It has outperformed by 42.43% the S&P500.
The move comes after 5 months negative chart setup for the $944.48M company. It was reported on Nov, 25 by Barchart.com. We have $5.90 PT which if reached, will make TSE:KDX worth $66.11M 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. $8.50 is the highest target while $3.10 is the lowest. The $6.46 average target is 1.89% above today’s ($6.34) stock price. Klondex Mines Ltd. has been the topic of 12 analyst reports since September 18, 2015 according to StockzIntelligence Inc. On Monday, August 22 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Klondex Mines Ltd (TSE:KDX) earned “Outperform” rating by Ringler Research on Friday, September 18. The company was maintained on Friday, December 18 by RBC Capital Markets. Scotia Capital maintained Klondex Mines Ltd (TSE:KDX) rating on Thursday, August 11. Scotia Capital has “Outperform” rating and $6.25 price target. Ringler Research downgraded it to “Sector Perform” rating and $3.80 target price in Wednesday, October 7 report. The rating was reinitiated by Dundee Securities with “Buy” on Friday, September 25. The stock of Klondex Mines Ltd (TSE:KDX) earned “Sector Perform” rating by Scotia Capital on Friday, October 14.

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. Streetinsider.com‘s news article titled: “Form 6-K KLONDEX MINES LTD For: Nov 17” with publication date: November 17, 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 $944.48 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 36.11 P/E ratio. The Company’s divisions include Fire Creek, Midas, True North, and Corporate and other.

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