Cormark Downgrades Alexco Resource Corp to Reduce (AXU)
Alexco Resource Corp (NYSE:AXU) was downgraded by equities researchers at Cormark to a “reduce” rating in a research report issued on Thursday, Analyst Ratings Net reports.
Separately, analysts at Zacks upgraded shares of Alexco Resource Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $1.40 price target on the stock. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $1.55.
Shares of Alexco Resource Corp (NYSE:AXU) traded down 2.22% on Thursday, hitting $1.32. The stock had a trading volume of 547,798 shares. Alexco Resource Corp has a one year low of $0.90 and a one year high of $4.72. The stock’s 50-day moving average is $1.26 and its 200-day moving average is $1.3. The company’s market cap is $82.6 million.
Alexco Resource Corp. (NYSE:AXU) operates two businesses: mineral exploration and development in Canada, in Yukon Territory, and under its Alexco Environmental Group division (AEG), the provision of consulting and project management services in respect of environmental permitting and compliance and site remediation and reclamation, in Canada and the United States.
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