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A statement released today by CIBC World Markets about Klondex Mines Ltd. (TSE:KDX) raises the target price to $8.00

Klondex Mines Ltd. (TSE:KDX) had its target price raised to $8.00 by CIBC World Markets in a report released 9/30/2016. The new target price indicates a possible upside of 0.06% based on the company's last stock close price.

Previously on 09/15/2016, Canaccord Genuity reported about Klondex Mines Ltd. (TSE:KDX) raised the target price from $6.75 to $8.00. At the time, this indicated a possible upside of 0.12%.

Yesterday Klondex Mines Ltd. (TSE:KDX) traded 0.66% higher at $7.52. The company’s 50-day moving average is $7.08 and its 200-day moving average is $5.27. The last stock close price is up 44.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 515,359 shares of the stock were exchanged, down from an average trading volume of 730,681

See Chart Below

Klondex Mines Ltd. (TSE:KDX)

Klondex Mines Ltd. has a 52 week low of $2.56 and a 52 week high of $7.84 with a P/E ratio of 69.00 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $5.99 with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Klondex Mines Ltd. (TSE:KDX)

Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas). The Company's segments include Fire Creek, Midas, and Corporate and other. Its properties are situated along the Northern Nevada Rift in north central Nevada. It also owns an underground mine project located in Manitoba, Canada, which includes the Rice Lake Mine and Mill complex (Rice Lake), and early-stage exploration properties located in the State of Nevada, the United States and Manitoba and Ontario, Canada. Its milling and processing facilities located at Midas process ore from both Midas and Fire Creek in the State of Nevada.

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