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

Shares of Alexco Resource Corp (NASDAQ:AXU) have received a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 1-year consensus price objective of $1.88 for the company and are expecting 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 97 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.

NASDAQ AXU traded up $0.04 during mid-day trading on Friday, reaching $1.15. 265,783 shares of the stock were exchanged, compared to its average volume of 340,006. Alexco Resource has a 1-year low of $0.68 and a 1-year high of $1.42. The firm’s fifty day simple moving average is $1.08.

Alexco Resource (NASDAQ:AXU) last announced its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $5.44 million for the quarter, compared to analyst estimates of $3.00 million.

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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