ATEX Resources (CVE:ATX) Sets New 1-Year High – Still a Buy?

by · The Cerbat Gem

ATEX Resources Inc. (CVE:ATX – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.52 and last traded at C$4.51, with a volume of 383465 shares. The stock had previously closed at C$4.34.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Securities raised ATEX Resources to a “strong-buy” rating in a research note on Tuesday, December 16th. Desjardins upgraded shares of ATEX Resources to a “moderate buy” rating in a report on Thursday, November 6th. Ventum Cap Mkts raised ATEX Resources to a “strong-buy” rating in a research report on Tuesday, October 21st. BMO Capital Markets set a C$4.00 price objective on shares of ATEX Resources and gave the stock an “outperform” rating in a research report on Monday, November 10th. Finally, Stifel Nicolaus lifted their target price on ATEX Resources from C$4.00 to C$4.50 in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of C$4.25.

Get Our Latest Report on ATEX Resources

ATEX Resources Stock Down 0.2%

The stock has a fifty day moving average of C$3.14 and a two-hundred day moving average of C$2.65. The stock has a market cap of C$1.48 billion, a price-to-earnings ratio of -17.20 and a beta of 2.28.

About ATEX Resources

(Get Free Report)

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. ATEX Resources Inc was incorporated in 1981 and is headquartered in Toronto, Canada.

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