Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,009,081 shares, a decrease of 3.0% from the October 15th total of 1,040,403 shares. Based on an average trading volume of 223,756 shares, the short-interest ratio is currently 4.5 days.
Alexco Resource stock opened at $0.85 on Friday. Alexco Resource has a fifty-two week low of $0.82 and a fifty-two week high of $1.79.
Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its earnings results on Monday, August 13th. The mining company reported ($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The firm had revenue of $2.75 million during the quarter, compared to analyst estimates of $2.49 million.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Alexco Resource from a “sell” rating to a “hold” rating in a report on Monday, July 16th. TheStreet lowered Alexco Resource from a “c” rating to a “d+” rating in a report on Friday, August 10th.
A number of institutional investors have recently bought and sold shares of the business. Pathstone Family Office LLC grew its holdings in Alexco Resource by 271,792.5% in the third quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock valued at $784,000 after purchasing an additional 761,019 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Alexco Resource by 662.1% in the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the mining company’s stock valued at $118,000 after acquiring an additional 76,800 shares in the last quarter. Finally, Raffles Associates LP purchased a new stake in shares of Alexco Resource in the second quarter valued at $665,000.
About Alexco Resource
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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