Raffles Associates LP Boosts Stake in Alexco Resource Corp. (AXU)
Raffles Associates LP lifted its position in Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) by 15.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 573,400 shares of the mining company’s stock after buying an additional 75,000 shares during the period. Raffles Associates LP owned approximately 0.53% of Alexco Resource worth $591,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC raised its stake in shares of Alexco Resource by 662.1% in the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the mining company’s stock worth $118,000 after buying an additional 76,800 shares in the last quarter.
A number of equities analysts recently issued reports on AXU shares. Zacks Investment Research upgraded Alexco Resource from a “sell” rating to a “hold” rating in a report on Monday, October 29th. TheStreet cut Alexco Resource from a “c” rating to a “d+” rating in a report on Friday, August 10th.
Alexco Resource (NYSEAMERICAN:AXU) (TSE:AXR) last posted its earnings results on Tuesday, November 13th. The mining company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $3.57 million during the quarter, compared to analysts’ expectations of $2.86 million.
About Alexco Resource
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.
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