Analysts Set $2.18 Price Target for Alexco Resource Corp (NASDAQ:AXU)

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

Analysts have set a twelve-month consensus price objective of $2.18 for the company and are expecting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Alexco Resource an industry rank of 211 out of 255 based on the ratings given to related companies.

Separately, BidaskClub downgraded shares of Alexco Resource from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th.

Shares of AXU stock traded down $0.02 on Friday, hitting $1.75. The company’s stock had a trading volume of 25,852 shares, compared to its average volume of 1,203,839. The stock’s 50 day moving average is $1.93 and its 200-day moving average is $1.91. Alexco Resource has a fifty-two week low of $0.93 and a fifty-two week high of $2.81.

Alexco Resource (NASDAQ:AXU) last released its quarterly earnings results on Thursday, November 14th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $5.45 million for the quarter, compared to analyst estimates of $6.38 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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