Alexco Resource (NYSEAMERICAN:AXU) Announces Earnings Results

Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) announced its earnings results on Wednesday, May 8th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03, MarketWatch Earnings reports. The company had revenue of $5.44 million for the quarter, compared to analyst estimates of $3.00 million.

Shares of AXU stock opened at $1.06 on Friday. Alexco Resource has a 12-month low of $0.68 and a 12-month high of $1.48.

Several brokerages have commented on AXU. TheStreet downgraded shares of Alexco Resource from a “c” rating to a “d+” rating in a research note on Thursday, May 16th. Zacks Investment Research raised shares of Alexco Resource from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research note on Wednesday, May 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alexco Resource in a research note on Tuesday, March 19th.

A hedge fund recently raised its stake in Alexco Resource stock. Morgan Stanley lifted its stake in shares of Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) by 8.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 242,508 shares of the mining company’s stock after buying an additional 19,408 shares during the quarter. Morgan Stanley owned about 0.22% of Alexco Resource worth $294,000 as of its most recent SEC filing.

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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 owns interests in the Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 725 surveyed quartz mining leases, 866 unsurveyed quartz mining claims, 8 placer claims, and 2 crown grants covering an area of 233 square kilometers located in Yukon Territory.

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Earnings History for Alexco Resource (NYSEAMERICAN:AXU)

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