ATEX Resources (CVE:ATX) PT Set at C$2.50 by BMO Capital Markets

ATEX Resources (CVE:ATX) has been assigned a C$2.50 price objective by equities researchers at BMO Capital Markets in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 60.26% from the stock’s current price.

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

ATEX Resources Stock Performance

ATEX Resources stock opened at C$1.56 on Tuesday. The company’s 50 day simple moving average is C$1.42 and its 200-day simple moving average is C$1.35. The company has a market capitalization of C$322.70 million, a price-to-earnings ratio of -8.67 and a beta of 0.57. ATEX Resources has a 1 year low of C$0.61 and a 1 year high of C$1.76.

ATEX Resources (CVE:ATX) last released its quarterly earnings results on Tuesday, August 20th. The company reported C($0.04) earnings per share (EPS) 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.