Desjardins Estimates ATEX Resources FY2025 Earnings

ATEX Resources Inc. (CVE:ATX) – Equities research analysts at Desjardins issued their FY2025 earnings estimates for shares of ATEX Resources in a report released on Thursday, November 6th. Desjardins analyst B. Adams forecasts that the company will post earnings of ($0.19) per share for the year. Desjardins has a “Moderate Buy” rating on the stock. Desjardins also issued estimates for ATEX Resources’ FY2026 earnings at ($0.18) EPS and FY2027 earnings at ($0.17) EPS.

ATX has been the subject of a number of other reports. Stifel Nicolaus raised their price target on ATEX Resources from C$4.00 to C$4.50 in a research note on Tuesday, October 21st. BMO Capital Markets set a C$4.00 price objective on ATEX Resources and gave the company an “outperform” rating in a report on Monday. Finally, Ventum Cap Mkts raised shares of ATEX Resources to a “strong-buy” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of C$4.25.

ATEX Resources Stock Performance

CVE:ATX opened at C$2.47 on Monday. ATEX Resources has a 52-week low of C$1.41 and a 52-week high of C$3.10. The company has a market cap of C$741.78 million, a P/E ratio of -9.88 and a beta of 1.90. The stock’s 50-day simple moving average is C$2.55 and its 200 day simple moving average is C$2.29.

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.