Amex Exploration Inc. (AMEX:TSX) Analysts see Stock Doubling, Consensus “Buy” rating

Amex Exploration Inc Stock Forecast:

According to the stock forecast from three analysts, the average target price for Amex Exploration Inc over the next 12 months is CAD 3.43. These analysts have given the stock an average rating of “Strong Buy.” However, Stock Target Advisor’s own analysis of the company suggests a “Neutral” rating, which is based on three positive signals and three negative signals.

As of the last closing, Amex Exploration Inc’s stock price was CAD 1.54. Over the past week, the stock price has decreased by -4.35%, over the past month it has decreased by -8.33%, and over the last year, it has decreased by -21.03%.

Analysts Coverage Change:

  • STA Research assigns Amex Exploration Inc. with a “Speculative Buy” rating and a target price of $2.
  • Canaccord Genuity maintains a “Buy” rating for Amex Exploration Inc. and  lowers the target price to $4 from $4.75.

About Amex Exploration

Amex Exploration Inc. is a Canadian mining company that focuses on the exploration of gold mining properties. The company is based in Montreal, Quebec, and was originally incorporated in 1986 under the name Coleraine Mining Resources, Inc.

Amex Exploration primarily operates in Canada and holds interests in several gold projects across the country. Two notable projects are the Perron project and the Lebel-sur-Quévillon project, both located in the province of Quebec. These projects are known for their gold potential and have been the primary focus of the company’s exploration activities.

The Perron project is located in the Abitibi region of Quebec, which is recognized for its rich gold deposits. Amex Exploration has conducted extensive exploration work on this project, including drilling campaigns and geological surveys, with the aim of identifying and developing gold resources.

The Lebel-sur-Quévillon project is also located in Quebec and covers a significant land package. Amex Exploration has been actively exploring this project, conducting various exploration activities to assess the gold potential of the area.

In addition to the Perron and Lebel-sur-Quévillon projects, Amex Exploration holds interests in the Eastmain River South, North, and Central projects, which are situated in Chibougamau, Quebec. These projects are also part of the company’s exploration portfolio, and the company has been evaluating their gold exploration potential.

As a mining exploration company, Amex Exploration’s primary objective is to discover and develop gold resources. Through its exploration activities, the company aims to identify areas with high-grade gold deposits and advance them towards potential future mining operations.

Please note that the information provided is based on the available data up until my knowledge cutoff in September 2021. It’s always a good idea to verify the latest information from reliable sources or contact the company directly for the most up-to-date details.

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