Zacks: Alexco Resource Corp (NASDAQ:AXU) Given Consensus Rating of “Buy” by Analysts

Shares of Alexco Resource Corp (NASDAQ:AXU) have earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 1-year consensus target price of $1.88 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned Alexco Resource an industry rank of 200 out of 256 based on the ratings given to related companies.

Separately, Roth Capital reiterated a “buy” rating on shares of Alexco Resource in a report on Tuesday, March 19th.

AXU stock opened at $1.20 on Thursday. Alexco Resource has a one year low of $0.68 and a one year high of $1.48. The stock has a fifty day moving average price of $1.04.

Alexco Resource (NASDAQ:AXU) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $5.44 million during the quarter, compared to analysts’ expectations of $3.00 million.

Alexco Resource Company Profile

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.

Recommended Story: How does a reverse stock split work?

Get a free copy of the Zacks research report on Alexco Resource (AXU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alexco Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexco Resource and related companies with MarketBeat.com's FREE daily email newsletter.