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Alexco Resource Corp. (AXU) Looks Set To Grow At A Great Clip In 2022

Alexco Resource Corp. (AMEX:AXU) has a beta value of 1.45 and has seen 1.35 million shares traded in the last trading session. The company, currently valued…

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This article was originally published by The Marketing Sentinal

Alexco Resource Corp. (AMEX:AXU) has a beta value of 1.45 and has seen 1.35 million shares traded in the last trading session. The company, currently valued at $70.04M, closed the last trade at $0.43 per share which meant it gained $0.01 on the day or 3.58% during that session. The AXU stock price is -437.21% off its 52-week high price of $2.31 and 18.6% above the 52-week low of $0.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.42 million shares traded. The 3-month trading volume is 1.42 million shares.

Alexco Resource Corp. (AMEX:AXU) trade information

Sporting 3.58% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 07/18/22 when the AXU stock price touched $0.43 or saw a rise of 4.44%. Year-to-date, Alexco Resource Corp. shares have moved -75.09%, while the 5-day performance has seen it change 8.89%. Over the past 30 days, the shares of Alexco Resource Corp. (AMEX:AXU) have changed -45.81%. Short interest in the company has seen 5.42 million shares shorted with days to cover at 4.55.

Alexco Resource Corp. (AXU) estimates and forecasts

Figures show that Alexco Resource Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -74.50% over the past 6 months, with this year growth rate of -16.67%, compared to 5.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 100.00% and 120.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1,630.10%.

2 analysts offering their estimates for the company have set an average revenue estimate of $12.83 million for the current quarter. 2 have an estimated revenue figure of $18.04 million for the next quarter concluding in Dec 2021. Year-ago sales stood $622.25k and $522.39k respectively for this quarter and the next, and analysts expect sales will grow by 1,961.90% for the current quarter and 3,353.40% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.70% over the past 5 years.

AXU Dividends

Alexco Resource Corp. is expected to release its next earnings report between March 09 and March 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 3.18% of the company shares, while shares held by institutions stand at 32.01% with a share float percentage of 33.06%. Investors are also buoyed by the number of investors in a company, with Alexco Resource Corp. having a total of 83 institutions that hold shares in the company. The top two institutional holders are Jupiter Asset Management Limited with over 9.82 million shares worth more than $15.22 million. As of Mar 30, 2022, Jupiter Asset Management Limited held 6.04% of shares outstanding.

The other major institutional holder is Van Eck Associates Corporation, with the holding of over 7.99 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $12.38 million and represent 4.91% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Invesco Gold & Special Minerals Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Jan 30, 2022, the former fund manager holds about 4.22% shares in the company for having 6.86 million shares of worth $10.22 million while later fund manager owns 6.57 million shares of worth $10.38 million as of Feb 27, 2022, which makes it owner of about 4.04% of company’s outstanding stock.

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