Alexco Resource (NYSEAMERICAN:AXU) Shares Pass Above 200-Day Moving Average of $0.00

Alexco Resource Corp. (NYSEAMERICAN:AXUGet Rating) (TSE:AXR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.82. Alexco Resource shares last traded at $0.81, with a volume of 442,305 shares traded.

AXU has been the subject of a number of research reports. TheStreet cut Alexco Resource from a “c-” rating to a “d+” rating in a research report on Tuesday, April 26th. Zacks Investment Research lowered Alexco Resource from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 23rd.

The firm has a market capitalization of $131.14 million, a price-to-earnings ratio of -11.51 and a beta of 1.06.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its holdings in Alexco Resource by 207.3% in the first quarter. Toronto Dominion Bank now owns 33,800 shares of the mining company’s stock valued at $54,000 after acquiring an additional 22,800 shares during the last quarter. Royal Bank of Canada lifted its holdings in Alexco Resource by 342.0% in the third quarter. Royal Bank of Canada now owns 40,003 shares of the mining company’s stock valued at $60,000 after acquiring an additional 30,953 shares during the last quarter. Two Sigma Securities LLC acquired a new position in Alexco Resource in the third quarter valued at approximately $78,000. LPL Financial LLC lifted its holdings in Alexco Resource by 17.3% in the fourth quarter. LPL Financial LLC now owns 46,700 shares of the mining company’s stock valued at $81,000 after acquiring an additional 6,900 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Alexco Resource in the third quarter valued at approximately $91,000. Hedge funds and other institutional investors own 26.45% of the company’s stock.

Alexco Resource Company Profile (NYSEAMERICAN:AXU)

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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