Klondex Mines Ltd (TSE:KDX) – Research analysts at Clarus Securities decreased their FY2018 earnings per share (EPS) estimates for Klondex Mines in a report issued on Thursday, Zacks Investment Research reports. Clarus Securities analyst J. Spratt now forecasts that the company will post earnings of $0.44 per share for the year, down from their prior estimate of $0.53. Clarus Securities also issued estimates for Klondex Mines’ FY2019 earnings at $0.46 EPS.
Klondex Mines (TSE:KDX) last issued its earnings results on Thursday, November 9th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.10). Klondex Mines had a negative return on equity of 18.97% and a negative net margin of 27.41%.
KDX has been the topic of a number of other research reports. Canaccord Genuity raised their price target on Klondex Mines from C$5.50 to C$6.00 in a research note on Friday, September 29th. Roth Capital restated a “buy” rating and set a C$5.25 price target on shares of Klondex Mines in a research note on Wednesday, October 4th. BMO Capital Markets restated a “market perform” rating and set a C$5.00 price target on shares of Klondex Mines in a research note on Tuesday, October 24th. CIBC dropped their price target on Klondex Mines from C$6.00 to C$5.00 in a research note on Monday, November 13th. Finally, Royal Bank of Canada dropped their price target on Klondex Mines from C$7.50 to C$4.50 and set an “outperform” rating on the stock in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Klondex Mines currently has a consensus rating of “Buy” and a consensus target price of C$4.61.
Shares of Klondex Mines (TSE KDX) traded up C$0.04 during midday trading on Friday, hitting C$2.76. The stock had a trading volume of 394,850 shares, compared to its average volume of 686,360. Klondex Mines has a 1-year low of C$2.10 and a 1-year high of C$7.73. The firm has a market cap of $495.00, a price-to-earnings ratio of -12.00 and a beta of -0.38.
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Klondex Mines Company Profile
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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