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

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Alexco Resource Corp (NASDAQ:AXU) has earned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.

Analysts 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 195 out of 256 based on the ratings given to its competitors.

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

AXU stock traded down $0.05 during trading on Thursday, hitting $1.13. 21,702 shares of the company’s stock traded hands, compared to its average volume of 339,165. Alexco Resource has a 52 week low of $0.68 and a 52 week high of $1.48. The firm’s fifty day moving average price is $1.05.

Alexco Resource (NASDAQ:AXU) last released its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The business had revenue of $5.44 million for the quarter, compared to the consensus estimate 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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