Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Alexco Resource Corp. is a precious metals exploration company with a silver focus and a growing environmental services business. The Company conducts mineral exploration in Canada, primarily in Yukon, and performs reclamation and remediation services at mine sites using its rights to certain patents and the expertise acquired by its officers. “
Separately, TheStreet downgraded Alexco Resource from a “c” rating to a “d+” rating in a report on Friday.
Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its quarterly earnings data on Monday, August 13th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). Alexco Resource had a negative return on equity of 8.84% and a negative net margin of 60.01%. The company had revenue of $2.75 million for the quarter, compared to the consensus estimate of $2.49 million.
An institutional investor recently raised its position in Alexco Resource stock. Renaissance Technologies LLC boosted its stake in shares of Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) by 662.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,400 shares of the mining company’s stock after purchasing an additional 76,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of Alexco Resource worth $118,000 at the end of the most recent reporting period.
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.
Read More: Understanding Analyst Ratings
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.