Analyst Expect Big Moves From Alexco Resource Corp. (AMEX: AXU)


With over 1.09 million Alexco Resource Corp. (AXU) shares trading Monday and a closing price of $2.65 on the day, the dollar volume was approximately $2.9 million. The shares have shown a negative weekly performance of -6.03% and its price on 08/24/20 lost nearly -0.38%. Currently, there are 136.81M common shares owned by the public and among those 130.94M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for AXU have a consensus price objective of $3.23. The analysts have set the share’s price value over the next 12 months at a high of $3.75 and a low of $2.39 should the stock experience a downside. Incidentally, analysts’ outlook for the Alexco Resource Corp. stock is 2.00 for the next 12 months. The average price target is 7.99% above its last price level and an upside to the estimated low will see the stock lose -10.88% over that period. But an upside of 29.33% will see the stock hit the forecast high price target while mean target price for the stock is $3.56.

The top 3 mutual fund holders in Alexco Resource Corp. are Merian Glb. Invs. Ser. Plc – Gold, VanEck Vectors – Junior Gold Mine, and Global X Silver Miners ETF. Merian Glb. Invs. Ser. Plc – Gold owns 6.99 million shares of the company’s stock, all valued at over $19.92 million. The company bought an additional 1.8 million shares recently to bring their total holdings to about 5.15% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 80823.0 shares to see its total holdings expand to 6.14 million shares valued at over $17.51 million and representing 4.53% of the shares outstanding. Global X Silver Miners ETF bought 37488.0 shares to bring its total holdings to over 2.78 million shares at a value of $7.92 million. Global X Silver Miners ETF now owns shares totaling to 2.05% of the shares outstanding.

Shares of Alexco Resource Corp. (AMEX: AXU) opened at $2.66, unchanged from a prior closing price of $2.66. However, the script later closed the day at $2.65, down -0.38%. The company’s stock has a 5-day price change of -6.03% and 29.27% over the past three months. AXU shares are trading 14.22% year to date (YTD), with the 12-month market performance up to 28.02% higher. It has a 12-month low price of $0.72 and touched a high of $3.50 over the same period. Currently, 1.09 million shares have been traded, compared to an average intraday trading volume of 2.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.75%, 4.41%, and 34.87% respectively.

Institutional ownership of Alexco Resource Corp. (AMEX: AXU) shares accounts for 34.00% of the company’s 136.81M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $370.10M and a beta (3y monthly) value of 0.94. The earnings-per-share (ttm) stands at -$0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.68% over the week and 7.35% over the month.

Analysts forecast that Alexco Resource Corp. (AXU) will achieve an EPS of -$0.01 for the current quarter, $0 for the next quarter and $0.2 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 3.50%, and 286.79% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Alexco Resource Corp. (AXU) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the AXU, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on February 20, 2018, with the firm’s price target at $2.75. H.C. Wainwright coverage for the Alexco Resource Corp. (AXU) stock in a research note released on July 07, 2014 offered a Buy rating with a price target of $1.70. Global Hunter Securities was of a view on August 08, 2012 that the stock is Neutral, while Global Hunter Securities gave the stock Accumulate rating on February 16, 2012, issuing a price target of $8.75.


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