Alexco Resource Corp (AXU) Receives Consensus Recommendation of “Buy” from Analysts
Alexco Resource Corp (NASDAQ:AXU) has earned a consensus broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus price objective of $1.88 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Alexco Resource an industry rank of 162 out of 255 based on the ratings given to its competitors.
Separately, Roth Capital reissued a “buy” rating on shares of Alexco Resource in a research report on Tuesday, March 19th.
Alexco Resource (NASDAQ:AXU) last released its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $6.74 million for the quarter, compared to analyst estimates of $3.02 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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