Alexco Resource (AXR) PT Lowered to C$1.80 at Canaccord Genuity

Alexco Resource (TSE:AXR) (NYSE:AXU) had its price objective lowered by stock analysts at Canaccord Genuity from C$2.25 to C$1.80 in a research report issued on Thursday. Canaccord Genuity’s target price would suggest a potential upside of 73.08% from the company’s current price.

TSE AXR opened at C$1.04 on Thursday. Alexco Resource has a 12 month low of C$0.92 and a 12 month high of C$2.18.

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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