Stifel Nicolaus Increases ATEX Resources (CVE:ATX) Price Target to C$4.50

Key Points

• Stifel Nicolaus has raised the price target for ATEX Resources (CVE:ATX) from C$4.00 to C$4.50, indicating a potential upside of 76.47% from its previous close.
• ATEX Resources’ stock traded at C$2.55, with a year range between C$1.40 and C$3.10, and a market capitalization of C$765.81 million.
• The company's flagship property is the Valeriano Copper Gold project in north-central Chile, covering approximately 3,705 hectares.

ATEX Resources (CVE:ATX - Get Free Report) had its target price boosted by stock analysts at Stifel Nicolaus from C$4.00 to C$4.50 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus' price target indicates a potential upside of 76.47% from the stock's previous close.

ATEX Resources Stock Performance

CVE:ATX traded down C$0.04 during mid-day trading on Tuesday, reaching C$2.55. The stock had a trading volume of 866,282 shares, compared to its average volume of 459,621. ATEX Resources has a one year low of C$1.40 and a one year high of C$3.10. The stock has a market capitalization of C$765.81 million, a P/E ratio of -10.20 and a beta of 1.72. The firm has a 50 day moving average price of C$2.45 and a two-hundred day moving average price of C$2.23.

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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