TheStreet Lowers Alexco Resource (NYSEAMERICAN:AXU) to D+

Alexco Resource (NYSEAMERICAN:AXUGet Rating) (TSE:AXR) was downgraded by TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research downgraded shares of Alexco Resource from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 23rd.

Shares of AXU stock opened at $1.07 on Tuesday. The stock has a market capitalization of $166.12 million, a PE ratio of -15.28 and a beta of 1.06. Alexco Resource has a one year low of $1.07 and a one year high of $3.34.

A number of hedge funds and other institutional investors have recently bought and sold shares of AXU. LPL Financial LLC boosted its position in Alexco Resource by 17.3% during the fourth quarter. LPL Financial LLC now owns 46,700 shares of the mining company’s stock worth $81,000 after purchasing an additional 6,900 shares during the period. United Capital Financial Advisers LLC lifted its position in Alexco Resource by 13.3% during the third quarter. United Capital Financial Advisers LLC now owns 85,000 shares of the mining company’s stock valued at $128,000 after purchasing an additional 10,000 shares during the last quarter. Raymond James & Associates lifted its position in Alexco Resource by 4.4% during the third quarter. Raymond James & Associates now owns 288,652 shares of the mining company’s stock valued at $432,000 after purchasing an additional 12,220 shares during the last quarter. National Asset Management Inc. lifted its position in Alexco Resource by 7.3% during the third quarter. National Asset Management Inc. now owns 179,800 shares of the mining company’s stock valued at $270,000 after purchasing an additional 12,300 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of Alexco Resource by 529.7% during the third quarter. Toronto Dominion Bank now owns 17,003 shares of the mining company’s stock worth $25,000 after acquiring an additional 14,303 shares in the last quarter. Institutional investors and hedge funds own 26.45% of the company’s stock.

About Alexco Resource (Get Rating)

Alexco Resource Corp. engages in the mineral exploration, evaluation, development, and operational activities primarily in Yukon Territory, Canada. The company explores for silver, lead, zinc, and gold deposits. It owns interests in the majority of the historic Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 722 quartz mining leases, 873 quartz claims, 24 placer mining claims, 1 quartz mining license and 50% of 3 quartz mining leases, 2 crown grants, and 6 fee simple lots and 7 surface leases located in Yukon Territory.

Read More

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.