Alexco Resource Corp (NASDAQ:AXU) Receives Consensus Rating of “Buy” from Brokerages

Shares of Alexco Resource Corp (NASDAQ:AXU) have received a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Brokerages have set a 12-month consensus price target of $1.88 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Alexco Resource an industry rank of 97 out of 256 based on the ratings given to related companies.

Separately, Roth Capital restated a “buy” rating on shares of Alexco Resource in a research note on Tuesday, March 19th.

Shares of Alexco Resource stock traded up $0.04 during midday trading on Friday, hitting $1.15. The company had a trading volume of 265,783 shares, compared to its average volume of 340,006. The company’s 50 day moving average price is $1.08. Alexco Resource has a 1-year low of $0.68 and a 1-year high of $1.42.

Alexco Resource (NASDAQ:AXU) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The business had revenue of $5.44 million for the quarter, compared to analyst estimates of $3.00 million.

Alexco Resource Company Profile

Alexco Resource Corp. engages in the mineral exploration, and mine development and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, and zinc deposits. It primarily owns 100% interests in the Keno Hill Silver District project comprising the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 703 surveyed quartz mining leases and 866 unsurveyed quartz mining claims, and 2 crown grants covering an area of 237.44 square kilometers located in Yukon Territory.

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