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 analysts at BMO Capital Markets in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 47.93% from the company’s previous close.

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

ATEX Resources Stock Performance

Shares of ATX traded up C$0.01 during mid-day trading on Tuesday, hitting C$1.69. 194,208 shares of the company were exchanged, compared to its average volume of 580,146. ATEX Resources has a 1-year low of C$0.61 and a 1-year 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. The company has a 50 day moving average of C$1.41 and a 200-day moving average of C$1.35.

ATEX Resources (CVE:ATX) last released 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.