Desjardins Upgrades ATEX Resources (CVE:ATX) to “Moderate Buy”

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

ATX has been the subject of a number of other reports. Ventum Cap Mkts upgraded ATEX Resources to a “strong-buy” rating in a report on Tuesday, October 21st. Stifel Nicolaus increased their price objective on shares of ATEX Resources from C$4.00 to C$4.50 in a research note on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price of C$4.50.

ATEX Resources Stock Performance

CVE:ATX opened at C$2.43 on Thursday. The company has a market capitalization of C$729.77 million, a price-to-earnings ratio of -9.72 and a beta of 1.90. ATEX Resources has a one year low of C$1.41 and a one 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.

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.