Desjardins Reduces Earnings Estimates for ATEX Resources

Key Points

• Desjardins reduced its FY2025 earnings estimate for ATEX Resources to (0.19) EPS, down from (0.03), reflecting a more pessimistic outlook.
• Stifel Canada upgraded ATEX Resources to a strong-buy rating, with the stock currently holding a consensus rating of "Strong Buy" and an average price target of C$2.50.
• ATEX Resources' stock opened at C$2.46, slightly down by 0.2%, with a market cap of C$738.78 million.

ATEX Resources Inc. (CVE:ATX - Free Report) - Research analysts at Desjardins lowered their FY2025 earnings estimates for shares of ATEX Resources in a report released on Tuesday, September 23rd. Desjardins analyst B. Adams now anticipates that the company will post earnings per share of ($0.19) for the year, down from their previous forecast of ($0.03). Desjardins also issued estimates for ATEX Resources' FY2026 earnings at ($0.16) EPS and FY2027 earnings at ($0.19) EPS.

Separately, Stifel Canada raised shares of ATEX Resources to a "strong-buy" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average price target of C$2.50.

ATEX Resources Stock Down 0.2%

ATX stock opened at C$2.46 on Friday. ATEX Resources has a 12 month low of C$1.34 and a 12 month high of C$2.65. The firm has a market cap of C$738.78 million, a P/E ratio of -9.84 and a beta of 1.88. The company's 50-day moving average price is C$2.23 and its two-hundred day moving average price is C$2.18.

ATEX Resources Company Profile

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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