Global Hunter Securities Starts Alexco Resource (AXU) at Accumulate; Bellekeno Mine & Mill Cornerstone of Expanding Operation
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Price: $0.45 --0%
Rating Summary:
0 Buy, 2 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 2 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Global Hunter Securities initiates coverage on Alexco Resource (NYSE: AXU) with a Accumulate. PT $8.75.
Global analyst said, "Alexco Resource entered the realm of silver producers a little over a year ago by returning the Bellekeno Silver Mine in Canada's Yukon Territory to production. In 2011, the company experienced a slower ramp up and growing pains, while not meeting initial expectations. However, we believe better days lie ahead. As the only primary producer of silver in Canada, AXU controls the entire Keno Hill district. Bellekeno along with Lucky Queen and Onek are high-grade narrow-vein silver deposits, and earlier exploration-stage projects that could extend the productive life of the district out for many years."
For an analyst ratings summary and ratings history on Alexco Resource click here. For more ratings news on Alexco Resource click here.
Shares of Alexco Resource closed at $7.52 yesterday.
Global analyst said, "Alexco Resource entered the realm of silver producers a little over a year ago by returning the Bellekeno Silver Mine in Canada's Yukon Territory to production. In 2011, the company experienced a slower ramp up and growing pains, while not meeting initial expectations. However, we believe better days lie ahead. As the only primary producer of silver in Canada, AXU controls the entire Keno Hill district. Bellekeno along with Lucky Queen and Onek are high-grade narrow-vein silver deposits, and earlier exploration-stage projects that could extend the productive life of the district out for many years."
For an analyst ratings summary and ratings history on Alexco Resource click here. For more ratings news on Alexco Resource click here.
Shares of Alexco Resource closed at $7.52 yesterday.
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