ATEX Resources (CVE:ATX) Upgraded at TD Securities

TD Securities upgraded shares of ATEX Resources (CVE:ATX) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Ventum Cap Mkts upgraded shares of ATEX Resources to a “strong-buy” rating in a report on Tuesday, October 21st. Desjardins upgraded shares of ATEX Resources to a “moderate buy” rating in a research note on Thursday, November 6th. BMO Capital Markets set a C$4.00 price target on shares of ATEX Resources and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Stifel Nicolaus lifted their price target on shares of ATEX Resources from C$4.00 to C$4.50 in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, ATEX Resources currently has an average rating of “Strong Buy” and an average target price of C$4.25.

ATEX Resources Price Performance

Shares of CVE:ATX opened at C$2.76 on Tuesday. ATEX Resources has a 1 year low of C$1.41 and a 1 year high of C$3.10. The company has a market capitalization of C$952.65 million, a PE ratio of -11.04 and a beta of 1.70. The business has a fifty day moving average price of C$2.58 and a two-hundred day moving average price of C$2.38.

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.