Alexco Resource (NYSEAMERICAN:AXU) Lowered to Neutral at Roth Capital

Alexco Resource (NYSEAMERICAN:AXUGet Rating) (TSE:AXR) was downgraded by Roth Capital from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Alliance Global Partners downgraded shares of Alexco Resource from a “buy” rating to a “neutral” rating in a report on Wednesday. Cantor Fitzgerald downgraded shares of Alexco Resource to a “buy” rating in a report on Wednesday, June 22nd. Finally, TheStreet downgraded shares of Alexco Resource from a “c-” rating to a “d+” rating in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2.73.

NYSEAMERICAN:AXU opened at $0.40 on Wednesday. Alexco Resource has a twelve month low of $0.36 and a twelve month high of $2.54. The stock has a market cap of $65.12 million, a price-to-earnings ratio of -5.72 and a beta of 1.06.

Alexco Resource (NYSEAMERICAN:AXUGet Rating) (TSE:AXR) last issued its quarterly earnings results on Thursday, May 12th. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The firm had revenue of $2.21 million for the quarter, compared to analysts’ expectations of $4.29 million. Alexco Resource had a negative return on equity of 8.79% and a negative net margin of 49.69%. As a group, equities research analysts anticipate that Alexco Resource will post -0.02 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its position in Alexco Resource by 207.3% during the first quarter. Toronto Dominion Bank now owns 33,800 shares of the mining company’s stock valued at $54,000 after buying an additional 22,800 shares in the last quarter. Royal Bank of Canada lifted its position in Alexco Resource by 315.6% during the first quarter. Royal Bank of Canada now owns 39,899 shares of the mining company’s stock valued at $62,000 after buying an additional 30,299 shares in the last quarter. Sprott Inc. lifted its position in Alexco Resource by 49.0% during the first quarter. Sprott Inc. now owns 69,055 shares of the mining company’s stock valued at $107,000 after buying an additional 22,700 shares in the last quarter. Williams Jones Wealth Management LLC. acquired a new position in Alexco Resource during the fourth quarter valued at approximately $153,000. Finally, Advisor Group Holdings Inc. lifted its position in Alexco Resource by 654.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 125,511 shares of the mining company’s stock valued at $219,000 after buying an additional 108,877 shares in the last quarter. Hedge funds and other institutional investors own 26.45% of the company’s stock.

Alexco Resource Company Profile (Get Rating)

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.

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