Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,073,993 shares, a growth of 17.7% from the January 31st total of 912,416 shares. Based on an average trading volume of 353,235 shares, the days-to-cover ratio is presently 3.0 days.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Family Office LLC raised its position in Alexco Resource by 271,792.5% in the third quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock worth $784,000 after acquiring an additional 761,019 shares in the last quarter. Renaissance Technologies LLC raised its position in Alexco Resource by 166.5% in the third quarter. Renaissance Technologies LLC now owns 235,600 shares of the mining company’s stock worth $243,000 after acquiring an additional 147,200 shares in the last quarter. Finally, Raffles Associates LP raised its position in Alexco Resource by 15.0% in the third quarter. Raffles Associates LP now owns 573,400 shares of the mining company’s stock worth $591,000 after acquiring an additional 75,000 shares in the last quarter.
Shares of AXU stock remained flat at $$1.31 during trading hours on Friday. The stock had a trading volume of 141,298 shares, compared to its average volume of 321,721. Alexco Resource has a 1-year low of $0.68 and a 1-year high of $1.70.
Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last issued its quarterly earnings results on Wednesday, March 13th. The mining company reported ($0.02) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $6.74 million for the quarter, compared to analyst estimates of $3.02 million.
Several research firms have recently weighed in on AXU. TheStreet raised Alexco Resource from a “d+” rating to a “c-” rating in a report on Friday, March 8th. Zacks Investment Research raised Alexco Resource from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Tuesday, February 12th.
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: Liquidity
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.