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Alexco Resource Corp. (AMEX: AXU) Stock Jumped 33.62% Over A Month – Are There Any Chances Of Growth?

During the last session, Alexco Resource Corp. (AMEX:AXU)’s traded shares were 1.05 million, with the beta value of the company hitting 1.42. At the end of the trading day, the stock’s price was $0.53, reflecting an intraday gain of 7.29% or $0.03. The 52-week high for the AXU share is $2.19, that puts it down -313.21 from that peak though still a striking 33.96% gain since the share price plummeted to a 52-week low of $0.35. The company’s market capitalization is $105.02M, and the average intraday trading volume over the past 10 days was 0.7 million shares, and the average trade volume was 1.36 million shares over the past three months.

Alexco Resource Corp. (AXU) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.00. AXU has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.

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Alexco Resource Corp. (AMEX:AXU) trade information

Alexco Resource Corp. (AXU) registered a 7.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.29% in intraday trading to $0.53 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 6.47%, and it has moved by 33.62% in 30 days. Based on these gigs, the overall price performance for the year is -74.30%. The short interest in Alexco Resource Corp. (AMEX:AXU) is 4.63 million shares and it means that shorts have 1.98 day(s) to cover.

The consensus price target of analysts on Wall Street is $0.61, which implies an increase of 13.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.31 and $1.35 respectively. As a result, AXU is trading at a discount of -154.72% off the target high and 41.51% off the low.

Alexco Resource Corp. (AXU) estimates and forecasts

Statistics show that Alexco Resource Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Alexco Resource Corp. (AXU) shares have gone down -61.82% during the last six months, with a year-to-date growth rate less than the industry average at -16.67% against -14.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 100.00% this quarter and then jump 120.00% in the quarter after that. In the rating firms’ projections, revenue will increase 1,630.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.83 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $18.04 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $622.25k and $522.39k respectively. In this case, analysts expect current quarter sales to grow by 1,961.90% and then jump by 3,353.40% in the coming quarter.

While earnings are projected to return 110.00% in 2022.

AXU Dividends

Alexco Resource Corp. is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Alexco Resource Corp. (AMEX:AXU)’s Major holders

Alexco Resource Corp. insiders own 13.45% of total outstanding shares while institutional holders control 30.85%, with the float percentage being 35.64%. Jupiter Asset Management Limited is the largest shareholder of the company, while 77 institutions own stock in it. As of Mar 30, 2022, the company held over 9.82 million shares (or 6.04% of all shares), a total value of $15.22 million in shares.

The next largest institutional holding, with 7.99 million shares, is of Van Eck Associates Corporation’s that is approximately 4.91% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $12.38 million.

Also, the Mutual Funds coming in first place with the largest holdings of Alexco Resource Corp. (AXU) shares are Invesco Gold & Special Minerals Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Apr 29, 2022 indicates that Invesco Gold & Special Minerals Fund owns about 7.2 million shares. This amounts to just over 4.43 percent of the company’s overall shares, with a $7.85 million market value. The same data shows that the other fund manager holds slightly less at 6.88 million, or about 4.23% of the stock, which is worth about $2.75 million.

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