Alexco Resource (TSE:AXU) PT Lowered to C$1.20

Alexco Resource (TSE:AXU – Get Rating) had its price target dropped by research analysts at Cormark from C$3.00 to C$1.20 in a research report issued on Monday, BayStreet.CA reports. Cormark’s price target suggests a potential upside of 8.11% from the stock’s current price.

Separately, Canaccord Genuity Group reduced their target price on Alexco Resource from C$3.25 to C$3.00 in a report on Tuesday, March 22nd.

Shares of AXU traded up C$0.02 during mid-day trading on Monday, reaching C$1.11. 176,550 shares of the company’s stock traded hands, compared to its average volume of 277,192. The stock has a market capitalization of C$180.62 million and a P/E ratio of -52.86. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.77 and a current ratio of 1.20. Alexco Resource has a 12 month low of C$0.96 and a 12 month high of C$4.01. The business’s 50-day moving average price is C$1.86 and its 200-day moving average price is C$2.08.

Alexco Resource (TSE:AXU – Get Rating) last announced its quarterly earnings data on Monday, March 21st. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$3.27 million during the quarter, compared to the consensus estimate of C$12.30 million. Equities research analysts anticipate that Alexco Resource will post 0.22 EPS for the current year.

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.

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