ATEX Resources (CVE:ATX) Upgraded at Desjardins

ATEX Resources (CVE:ATX) was upgraded by analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on the stock. Ventum Cap Mkts upgraded shares of ATEX Resources to a “strong-buy” rating in a research note on Tuesday, October 21st. Stifel Nicolaus raised their price target on shares of ATEX Resources from C$4.00 to C$4.50 in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, ATEX Resources currently has a consensus rating of “Strong Buy” and an average price target of C$4.50.

ATEX Resources Stock Performance

ATX stock opened at C$2.43 on Thursday. The firm has a market cap of C$729.77 million, a P/E ratio of -9.72 and a beta of 1.90. ATEX Resources has a 1 year low of C$1.41 and a 1 year high of C$3.10. The stock has a 50-day simple moving average of C$2.54 and a 200-day simple moving average of C$2.28.

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.