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

76 institutions hold shares in Alexco Resource Corp. (AXU), with 5.36M shares held by insiders accounting for 3.77% while institutional investors hold 24.97% of the company’s shares. The shares outstanding are 137.20M, and float is at 131.60M with Short Float at 3.97%. Institutions hold 24.02% 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 5.54% 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 4.79% of the shares outstanding. The other top investors are ETF Managers Group, LLC which holds 2.78 million shares representing 1.95% and valued at over $8.8 million, while Mirae Asset Global Investments Co., Ltd. holds 1.87% of the shares totaling 2.66 million with a market value of $8.44 million.

Alexco Resource Corp. (AMEX: AXU) is -12.30% lower on its value in year-to-date trading and has touched a low of $1.52 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 $2.86 in the last trading session, with the day’s loss setting it -0.08% off its average median price target of $3.38 for the next 12 months. It is also 22.78% off the consensus price target high of $3.60 offered by 4 analysts, but current levels are 13.13% higher than the price target low of $3.20 for the same period.

Currently trading at $2.78, the stock is 3.04% and 4.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -2.80% at the moment leaves the stock 2.00% off its SMA200. AXU registered 62.57% gain for a year compared to 6-month loss of 4.51%. The firm has a 50-day simple moving average (SMA 50) of $2.6379 and a 200-day simple moving average (SMA200) of $2.6951.

The stock witnessed a 13.47% gain in the last 1 month and extending the period to 3 months gives it a 2.21%, and is 0.36% 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 3.56% over the week and 4.01% over the month.

Alexco Resource Corp. (AXU) has around 130 employees, a market worth around $381.69M and $2.30M in sales. Fwd P/E is 9.65. Distance from 52-week low is 82.30% and -20.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.00%).

Alexco Resource Corp. (AXU) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alexco Resource Corp. (AXU) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 2.20, where 0 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Alexco Resource Corp. is expected to release its quarterly report on 08/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $7.8M over the same period.The EPS is expected to shrink by -341.50% this year, but quarterly earnings will post 3,688.70% year-over-year. Quarterly sales are estimated to grow 430.60% 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 120.07% up over the past 12 months. Endeavour Silver Corp. (EXK) is 222.94% up on the 1-year trading charts. Short interest in the company’s stock has risen 27.46% from the last report on Apr 14, 2021 to stand at a total of 5.23 million short shares sold with a short interest ratio of 5.48.

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