Roth Capital Reaffirms “Buy” Rating for Klondex Mines Ltd (TSE:KDX)

Roth Capital reaffirmed their buy rating on shares of Klondex Mines Ltd (TSE:KDX) in a research report sent to investors on Wednesday, October 4th. The firm currently has a C$5.25 target price on the stock.

A number of other research firms have also recently weighed in on KDX. BMO Capital Markets lowered their target price on shares of Klondex Mines from C$5.75 to C$5.25 in a research note on Thursday, June 22nd. Scotiabank set a C$6.00 target price on shares of Klondex Mines and gave the company a sector perform rating in a research note on Thursday, June 22nd. Laurentian lowered their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a buy rating on the stock in a research note on Thursday, August 17th. Laurentian Bank of Canada lowered their target price on shares of Klondex Mines from C$6.15 to C$5.80 and set a buy rating on the stock in a research note on Thursday, August 17th. Finally, Pi Financial upgraded shares of Klondex Mines from a neutral rating to a buy rating and lifted their target price for the company from C$4.15 to C$4.85 in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Klondex Mines presently has a consensus rating of Buy and an average target price of C$5.83.

Shares of Klondex Mines (KDX) opened at 4.78 on Wednesday. Klondex Mines has a 52-week low of $3.57 and a 52-week high of $7.95. The firm’s 50 day moving average price is $4.40 and its 200 day moving average price is $4.43. The stock’s market cap is $847.55 million.

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In related news, Director Blair Schultz purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were acquired at an average price of C$4.00 per share, for a total transaction of C$100,000.00.

About Klondex Mines

Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company 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.

Analyst Recommendations for Klondex Mines (TSE:KDX)

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