Roth Capital Initiates Coverage on Alexco Resource (NYSEAMERICAN:AXU)

Roth Capital initiated coverage on shares of Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) in a research report released on Tuesday, February 20th, Marketbeat.com reports. The firm issued a buy rating and a $2.75 price objective on the mining company’s stock.

Shares of Alexco Resource (NYSEAMERICAN AXU) traded down $0.07 during mid-day trading on Tuesday, hitting $1.35. 228,999 shares of the stock were exchanged, compared to its average volume of 312,140. Alexco Resource has a 52-week low of $1.10 and a 52-week high of $1.85. The company has a market capitalization of $136.52, a price-to-earnings ratio of -22.50 and a beta of -0.45.

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Several hedge funds have recently made changes to their positions in AXU. Global X MANAGEMENT CO LLC boosted its holdings in shares of Alexco Resource by 8.0% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,157,094 shares of the mining company’s stock worth $1,675,000 after buying an additional 85,734 shares during the last quarter. Pathstone Family Office LLC boosted its holdings in shares of Alexco Resource by 6.5% in the third quarter. Pathstone Family Office LLC now owns 761,299 shares of the mining company’s stock worth $1,103,000 after buying an additional 46,780 shares during the last quarter. Ninepoint Partners LP purchased a new position in shares of Alexco Resource in the third quarter worth approximately $462,000. Finally, Virtu KCG Holdings LLC boosted its holdings in shares of Alexco Resource by 92.3% in the second quarter. Virtu KCG Holdings LLC now owns 137,109 shares of the mining company’s stock worth $181,000 after buying an additional 65,822 shares during the last quarter.

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Alexco Resource Company Profile

Alexco Resource Corp. (Alexco) operates two businesses: a mining business, consisting of mineral exploration and mine development and operation in Canada, located in Yukon Territory, and through its Alexco Environmental Group (AEG), an environmental services business, providing consulting, remediation solutions and project management services in respect of environmental permitting and compliance and site remediation, in Canada and the United States.

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