Desjardins Raises ATEX Resources (CVE:ATX) Price Target to C$2.20

ATEX Resources (CVE:ATX) had its price target raised by research analysts at Desjardins from C$2.10 to C$2.20 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 197.30% from the stock’s current price.

Separately, Haywood Securities set a C$3.00 target price on ATEX Resources and gave the company a “buy” rating in a research report on Thursday, July 13th.

ATEX Resources Stock Performance

Shares of ATX stock remained flat at C$0.74 during trading hours on Tuesday. The stock had a trading volume of 13,550 shares, compared to its average volume of 592,473. The stock has a fifty day moving average price of C$0.93. The company has a market cap of C$125.70 million, a PE ratio of -73.00 and a beta of 1.05. ATEX Resources has a 1-year low of C$0.41 and a 1-year high of C$1.74.

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 is located in the Chile's prolific El Indio Mineral Belt. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.