ATEX Resources (CVE:ATX) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• ATEX Resources' stock price target was raised by Stifel Nicolaus from C$3.50 to C$4.00, indicating a potential upside of 59.36% from the current price.
• The company received a "strong-buy" rating from Stifel Canada, with an average rating of "Strong Buy" from analysts and a target price of C$3.25.
• During recent trading, ATEX Resources experienced a 2.0% increase in stock price, reaching C$2.51, with a market capitalization of C$753.80 million.

ATEX Resources (CVE:ATX - Get Free Report) had its price objective boosted by stock analysts at Stifel Nicolaus from C$3.50 to C$4.00 in a research report issued on Friday,BayStreet.CA reports. Stifel Nicolaus' price objective would suggest a potential upside of 59.36% from the company's current price.

Separately, Stifel Canada upgraded shares of ATEX Resources to a "strong-buy" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, ATEX Resources has an average rating of "Strong Buy" and an average target price of C$3.25.

ATEX Resources Trading Up 2.0%

CVE ATX traded up C$0.05 during trading on Friday, reaching C$2.51. The company's stock had a trading volume of 931,856 shares, compared to its average volume of 435,939. The stock has a market capitalization of C$753.80 million, a PE ratio of -10.04 and a beta of 1.88. The business has a 50-day moving average price of C$2.23 and a 200-day moving average price of C$2.18. ATEX Resources has a 1-year low of C$1.34 and a 1-year high of C$2.65.

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.

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