ATEX Resources (CVE:ATX) Given a C$2.50 Price Target by BMO Capital Markets Analysts

ATEX Resources (CVE:ATX - Get Free Report) has been given a C$2.50 target price by investment analysts at BMO Capital Markets in a report issued on Tuesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 51.52% from the stock's previous close.

Separately, Desjardins raised ATEX Resources to a "moderate buy" rating in a research note on Thursday, October 31st.

ATEX Resources Stock Down 1.8 %

ATEX Resources stock traded down C$0.03 during mid-day trading on Tuesday, hitting C$1.65. 302,544 shares of the company's stock were exchanged, compared to its average volume of 580,653. The firm has a market capitalization of C$341.32 million, a P/E ratio of -9.39 and a beta of 0.57. ATEX Resources has a fifty-two week low of C$0.61 and a fifty-two week high of C$1.76. The company's 50 day simple moving average is C$1.41 and its 200-day simple moving average is C$1.35.

ATEX Resources (CVE:ATX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported C($0.04) EPS for the quarter.

ATEX Resources Company Profile

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.