Alexco Resource Corp Coverage Initiated at HC Wainwright (AXU)
HC Wainwright began coverage on shares of Alexco Resource Corp (NYSE:AXU) in a research note issued on Monday. The firm set a “buy” rating and a $1.70 price target on the stock. HC Wainwright’s price target points to a potential upside of 41.67% from the stock’s previous close.
AXU has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of Alexco Resource Corp to a “speculative buy” rating in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $1.77.
Alexco Resource Corp (NYSE:AXU) opened at 1.20 on Monday. Alexco Resource Corp has a 1-year low of $0.91 and a 1-year high of $2.43. The stock’s 50-day moving average is $1.17 and its 200-day moving average is $1.48. The company’s market cap is $75.1 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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