Alexco Resource Corp. (AXU) – Don’t Be So Quick to Call it Dead

73 institutions hold shares in Alexco Resource Corp. (AXU), with 4.91M shares held by insiders accounting for 3.58% while institutional investors hold 24.83% of the company’s shares. The shares outstanding are 135.99M, and float is at 132.04M with Short Float at 4.70%. Institutions hold 23.94% of the Float.

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The top institutional shareholder in the company is Van Eck Associates Corporation with over 7.87 million shares valued at $24.94 million. The investor’s holdings represent 5.59% of the AXU Shares outstanding. As of Dec 30, 2020, the second largest holder is Jupiter Asset Management Limited with 6.81 million shares valued at $21.58 million to account for 4.83% of the shares outstanding. The other top investors are ETF Managers Group, LLC which holds 2.78 million shares representing 1.97% and valued at over $8.8 million, while Mirae Asset Global Investments Co., Ltd. holds 1.89% of the shares totaling 2.66 million with a market value of $8.44 million.

Alexco Resource Corp. (AMEX: AXU) is -7.26% lower on its value in year-to-date trading and has touched a low of $0.72 and a high of $3.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AXU stock was last observed hovering at around $2.94 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $2.94, the stock is 3.39% and 3.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 0.00% at the moment leaves the stock 12.84% off its SMA200. AXU registered 38.03% gain for a year compared to 6-month gain of 10.53%. The firm has a 50-day simple moving average (SMA 50) of $2.8591 and a 200-day simple moving average (SMA200) of $2.7347.

The stock witnessed a 8.49% loss in the last 1 month and extending the period to 3 months gives it a 25.64%, and is 0.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.99% over the week and 6.26% over the month.

Alexco Resource Corp. (AXU) has around 115 employees, a market worth around $399.16M and $6.60M in sales. Fwd P/E is 23.33. Distance from 52-week low is 306.02% and -16.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.80%).

Alexco Resource Corp. (AXU) Analyst Forecasts

Alexco Resource Corp. quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $320k over the same period.The EPS is expected to grow by 3.50% this year, but quarterly earnings will post -89.90% year-over-year. Quarterly sales are estimated to shrink -92.50% in year-over-year returns.

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Alexco Resource Corp. (AXU): Who are the competitors?

The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading 120.58% up over the past 12 months. Endeavour Silver Corp. (EXK) is 235.53% up on the 1-year trading charts. Short interest in the company’s stock has risen 4.67% from the last report on Dec 30, 2020 to stand at a total of 5.92 million short shares sold with a short interest ratio of 3.84.

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