Alexco Resource Corp. (NYSEAMERICAN:AXU – Get Rating) (TSE:AXR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.45. Alexco Resource shares last traded at $0.43, with a volume of 400,594 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Alliance Global Partners lowered shares of Alexco Resource from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 6th. Cantor Fitzgerald lowered shares of Alexco Resource to a "buy" rating in a research report on Wednesday, June 22nd. Finally, Roth Capital lowered shares of Alexco Resource from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Alexco Resource presently has an average rating of "Moderate Buy" and an average target price of $1.75.
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The firm has a market capitalization of $73.15 million, a PE ratio of -6.08 and a beta of 1.06.
Institutional Trading of Alexco Resource
Hedge funds have recently bought and sold shares of the business. Millennium Management LLC acquired a new stake in Alexco Resource in the 2nd quarter valued at $46,000. Toronto Dominion Bank boosted its holdings in Alexco Resource by 207.3% during the 1st quarter. Toronto Dominion Bank now owns 33,800 shares of the mining company's stock worth $54,000 after acquiring an additional 22,800 shares during the last quarter. Northern Trust Corp purchased a new position in Alexco Resource during the 2nd quarter worth $60,000. Royal Bank of Canada boosted its holdings in Alexco Resource by 315.6% during the 1st quarter. Royal Bank of Canada now owns 39,899 shares of the mining company's stock worth $62,000 after acquiring an additional 30,299 shares during the last quarter. Finally, Sprott Inc. boosted its holdings in Alexco Resource by 49.0% during the 1st quarter. Sprott Inc. now owns 69,055 shares of the mining company's stock worth $107,000 after acquiring an additional 22,700 shares during the last quarter. Institutional investors and hedge funds own 26.45% of the company's stock.Alexco Resource Company Profile
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Alexco Resource Corp. engages in the mineral exploration, evaluation, development, and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, zinc, and gold deposits. It owns interests in the majority of the historic Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 722 quartz mining leases, 873 quartz claims, 24 placer mining claims, 1 quartz mining license and 50% of 3 quartz mining leases, 2 crown grants, and 6 fee simple lots and 7 surface leases located in Yukon Territory.
Further Reading
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