ATEX Resources Kept at Outperform, Speculative, at BMO; Price Target Raised to C$2.50

MT Newswires Live11-06

BMO Capital Markets on Tuesday maintained its outperform, speculative risk, rating on the shares of ATEX Resources (ATX.V) while raising its price target to C$2.50 from C$2.25 following an investment in the company by Agnico Eagle Mines (AEM.TO).

" Following a period of research restriction, we are resuming coverage on shares of ATEX. Through our investor conversations, one of the biggest question marks for ATEX was an associated financing, and to settle the company's credit facility. While the facility will be settled through equity, the strategic investment by Agnico Eagle (Not Rated) provides meaningful proceeds towards exploration, and is a strong endorsement of the project from a company with large-scale mining experience. On the back of the announcement, our target price increases to $2.50 (from $2.25)," analyst Rene Cartier noted.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 1.69, Change: +0.01, Percent Change: +0.60

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481687451?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 00:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481687451","market":"sg","top_or_hot":-1,"title":"ATEX Resources Kept at Outperform, Speculative, at BMO; Price Target Raised to C$2.50","media":"MT Newswires Live","content":"<html><body><p> BMO Capital Markets on Tuesday maintained its outperform, speculative risk, rating on the shares of ATEX Resources (ATX.V) while raising its price target to C$2.50 from C$2.25 following an investment in the company by Agnico Eagle Mines (AEM.TO).</p><p>\" Following a period of research restriction, we are resuming coverage on shares of ATEX. Through our investor conversations, one of the biggest question marks for ATEX was an associated financing, and to settle the company's credit facility. While the facility will be settled through equity, the strategic investment by Agnico Eagle (Not Rated) provides meaningful proceeds towards exploration, and is a strong endorsement of the project from a company with large-scale mining experience. On the back of the announcement, our target price increases to $2.50 (from $2.25),\" analyst Rene Cartier noted.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 1.69, Change: +0.01, Percent Change: +0.60</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ATEX Resources Kept at Outperform, Speculative, at BMO; Price Target Raised to C$2.50</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nATEX Resources Kept at Outperform, Speculative, at BMO; Price Target Raised to C$2.50\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 00:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BMO Capital Markets on Tuesday maintained its outperform, speculative risk, rating on the shares of ATEX Resources (ATX.V) while raising its price target to C$2.50 from C$2.25 following an investment ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ATEX","symbol_name":"Anterix","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481687451","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481687451","pubTimestamp":1730824803,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"BMO Capital Markets on Tuesday maintained its outperform, speculative risk, rating on the shares of ATEX Resources (ATX.V) while raising its price target to C$2.50 from C$2.25 following an investment ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"ATEX":"Anterix","BMO":"蒙特利尔银行"},"translate_title":"BMO的ATEX Resources维持跑赢大盘、投机性评级；目标价上调至2.50加元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATEX":1,"BMO":1},"content_text":"BMO Capital Markets on Tuesday maintained its outperform, speculative risk, rating on the shares of ATEX Resources (ATX.V) while raising its price target to C$2.50 from C$2.25 following an investment in the company by Agnico Eagle Mines (AEM.TO).\" Following a period of research restriction, we are resuming coverage on shares of ATEX. Through our investor conversations, one of the biggest question marks for ATEX was an associated financing, and to settle the company's credit facility. While the facility will be settled through equity, the strategic investment by Agnico Eagle (Not Rated) provides meaningful proceeds towards exploration, and is a strong endorsement of the project from a company with large-scale mining experience. On the back of the announcement, our target price increases to $2.50 (from $2.25),\" analyst Rene Cartier noted.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)Price: 1.69, Change: +0.01, Percent Change: +0.60","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481687451"}