ATEX Resources (CVE:ATX) PT Set at C$5.50 by Ventum Financial

ATEX Resources (CVE:ATX) has been assigned a C$5.50 target price by research analysts at Ventum Financial in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s target price points to a potential upside of 28.06% from the stock’s previous close.

A number of other brokerages have also recently weighed in on ATX. TD Securities raised shares of ATEX Resources to a “strong-buy” rating in a research report on Tuesday, December 16th. Desjardins upgraded ATEX Resources to a “moderate buy” rating in a research note on Thursday, November 6th. Finally, BMO Capital Markets set a C$4.00 target price on ATEX Resources and gave the company an “outperform” rating in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$4.67.

ATEX Resources Price Performance

ATX stock traded down C$0.03 during midday trading on Monday, reaching C$4.30. 283,528 shares of the company’s stock traded hands, compared to its average volume of 823,693. ATEX Resources has a fifty-two week low of C$1.78 and a fifty-two week high of C$4.55. The business has a 50-day moving average price of C$3.84 and a two-hundred day moving average price of C$2.98. The company has a market capitalization of C$1.48 billion, a P/E ratio of -17.18 and a beta of 2.16.

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