Ventum Cap Mkts Upgrades ATEX Resources (CVE:ATX) to Strong-Buy

Key Points

• Ventum Capital Markets has upgraded ATEX Resources (CVE:ATX) to a "strong-buy" rating, signaling strong confidence in the stock's performance.
• Stifel Nicolaus increased their target price for ATEX Resources from C$4.00 to C$4.50, indicating positive sentiment among analysts.
• The stock currently has a market capitalization of C$774.82 million and is trading at C$2.58, with a 52-week range of C$1.40 to C$3.10.

ATEX Resources (CVE:ATX - Get Free Report) was upgraded by analysts at Ventum Cap Mkts to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Stifel Nicolaus lifted their target price on ATEX Resources from C$4.00 to C$4.50 in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average price target of C$3.50.

ATEX Resources Stock Up 1.6%

CVE:ATX opened at C$2.58 on Tuesday. ATEX Resources has a 52 week low of C$1.40 and a 52 week high of C$3.10. The company has a market capitalization of C$774.82 million, a P/E ratio of -10.32 and a beta of 1.72. The stock's fifty day moving average is C$2.46 and its two-hundred day moving average is C$2.24.

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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