ATEX Resources (CVE:ATX) Stock Rating Upgraded by TD Securities

ATEX Resources (CVE:ATX) was upgraded by research analysts at TD Securities to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Desjardins raised ATEX Resources to a “moderate buy” rating in a research report on Thursday, November 6th. BMO Capital Markets set a C$4.00 price objective on shares of ATEX Resources and gave the stock an “outperform” rating in a report on Monday, November 10th. Ventum Cap Mkts upgraded shares of ATEX Resources to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, Stifel Nicolaus lifted their target price on shares of ATEX Resources from C$4.00 to C$4.50 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price of C$4.25.

ATEX Resources Stock Performance

ATX opened at C$2.80 on Tuesday. The company has a market cap of C$964.73 million, a PE ratio of -11.18 and a beta of 1.70. The stock has a 50-day moving average of C$2.58 and a 200-day moving average of C$2.38. ATEX Resources has a 52-week low of C$1.41 and a 52-week high of C$3.10.

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.