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

ATEX Resources (CVE:ATX) has been given a C$2.50 price objective by research analysts at BMO Capital Markets in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 47.93% from the company’s previous close.

Separately, Desjardins raised shares of ATEX Resources to a “moderate buy” rating in a report on Thursday, October 31st.

ATEX Resources Stock Up 0.6 %

Shares of ATEX Resources stock traded up C$0.01 during trading on Tuesday, hitting C$1.69. 194,208 shares of the stock traded hands, compared to its average volume of 580,146. The firm’s fifty day moving average is C$1.41 and its 200-day moving average is C$1.35. ATEX Resources has a 52 week low of C$0.61 and a 52 week high of C$1.76. The stock has a market cap of C$349.59 million, a price-to-earnings ratio of -9.39 and a beta of 0.57.

ATEX Resources (CVE:ATX) last posted its earnings results on Tuesday, August 20th. The company reported C($0.04) earnings per share for the quarter.

About ATEX Resources

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.