Klondex Mines Ltd (KDX) to Release Earnings on Thursday

Klondex Mines Ltd (TSE:KDX) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, March 23rd. Analysts expect Klondex Mines to post earnings of $0.08 per share for the quarter.

Klondex Mines Ltd (TSE:KDX) opened at 6.32 on Tuesday. Klondex Mines Ltd has a 52-week low of $3.40 and a 52-week high of $7.95. The company has a 50 day moving average of $6.95 and a 200 day moving average of $6.80. The company has a market capitalization of $943.69 million and a PE ratio of 48.62.

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In other Klondex Mines news, Director Blair Schultz sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of C$6.45, for a total value of C$645,000.00. Also, Director William Matlack sold 73,200 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of C$7.16, for a total value of C$524,112.00. Insiders sold 382,284 shares of company stock worth $2,730,323 over the last three months.

KDX has been the subject of several research analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$7.00 price objective on shares of Klondex Mines in a report on Monday, February 27th. Canaccord Genuity lifted their price objective on Klondex Mines from C$6.75 to C$7.00 in a report on Friday, February 3rd. Finally, CIBC reduced their price objective on Klondex Mines from C$8.00 to C$7.50 in a report on Friday, January 20th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$6.75.

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.

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