Alexco Resource (NYSEAMERICAN:AXU) stock price rises above the 200-day moving average of $0.00
(NYSEAMERICAN:AXU – Get Rating) (TSE:AXR) The stock price of Alexco Resource Corp. (NYSEAMERICAN:AXU – Get Rating) rose above its 200-day moving average during Monday’s trading. The stock has a 200-day moving average of $0.00 and is trading down to $0.78. Shares of Alexco Resource last traded at $0.77, with a volume of 12,292 shares traded in hands.
Separately, TheStreet downgraded Alexco Resource from a “c-” rating to a “d+” rating in a Tuesday, April 26 research report.
The stock has a market capitalization of $125.30 million, a P/E ratio of -11.00 and a beta of 1.06.
Alexco Resource (NYSEAMERICAN:AXU – Get Rating) (TSE:AXR) last released quarterly earnings data on Thursday, May 12. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.01) by ($0.02). Alexco Resource had a negative return on equity of 8.79% and a negative net margin of 49.69%. The company posted revenue of $2.21 million for the quarter, versus a consensus estimate of $4.29 million. As a group, analysts predict that Alexco Resource Corp. will show -0.02 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently changed their holdings in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Alexco Resource shares by 4.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,267,104 shares of the mining company worth $5,064,000 after acquiring 142,413 additional shares in the last quarter. Royal Bank of Canada increased its stake in Alexco Resource by 315.6% in the first quarter. Royal Bank of Canada now owns 39,899 shares of the mining company worth $62,000 after buying 30,299 more shares last quarter. Sprott Inc. increased its stake in Alexco Resource by 49.0% in the first quarter. Sprott Inc. now owns 69,055 shares of the mining company worth $107,000 after purchasing an additional 22,700 shares last quarter. Invesco Ltd. increased its stake in Alexco Resource by 8.9% in the first quarter. Invesco Ltd. now owns 7,532,241 shares of the mining company worth $11,675,000 after purchasing an additional 614,100 shares last quarter. Finally, Cibc World Market Inc. increased its stake in Alexco Resource by 18.8% in the first quarter. Cibc World Market Inc. now owns 168,810 shares of the mining company worth $262,000 after buying an additional 26,692 shares last quarter. Institutional investors hold 26.45% of the company’s shares.
Alexco Resource Company Profile (NYSEAMERICAN: AXU)
Alexco Resource Corp. engages in exploration, evaluation, development and mining activities primarily in the Yukon Territory, Canada. The company explores deposits of silver, lead, zinc and gold. It holds interests in the majority of the historic Keno Hill Silver District project which includes the Flame & Moth, Bermingham, Lucky Queen, Bellekeno and Onek deposits, as well as 722 quartz mining claims, 873 quartz claims, 24 placer mining claims, 1 quartz mining license and 50% of 3 quartz mining leases, 2 Crown grants, 6 fee simple lots and 7 surface leases located in the Yukon Territory.
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