Alexco Resource Corp. (AXU): A Detailed Look at its Institutional Ownership

Alexco Resource Corp. (NYSE:AXU) produced a 23.64% rally since recording the worst price of $1.10. Thanks to the latest 4.62% increase, it now trades at $1.36. Throughout the trading on 11/24/2017, the share price floated between $1.3 and $1.38. This company shares are 104.41% off its target price of $2.78 and the current market capitalization stands at $131.05M. The recent change has given its price a -0.8% deficit over SMA 50 and -33.33% deficit over its 52-week high. The stock witnessed 12.4% gains, -3.55% declines and 3.03% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AXU’s volatility during a week at 8.89% and during a month it has been found around 6.52%.

Alexco Resource Corp. (AXU) Top Holders

Institutional investors currently hold around $6 million or 34% in AXU stock. Look at its top three institutional owners. Global X Management Co Llc owns $1.5 million in Alexco Resource Corp., which represents roughly 1.15% of the company’s market cap and approximately 25.07% of the institutional ownership. Similar statistics are true for the second largest owner, Pathstone Family Office, Llc, which owns 761,299 shares of the stock are valued at $990 thousand. The third largest holder is Etf Managers Group, Llc, which currently holds $825 thousand worth of this stock and that ownership represents nearly 0.63% of its market capitalization.

Alexco Resource Corp. 13F Filings

At the end of 09/30/2017 reporting period, 16 institutional holders increased their position in Alexco Resource Corp. (NYSE:AXU) by some 1,042,381 shares, 10 decreased positions by 1,200,432 and 12 held positions by 2,199,280. That puts total institutional holdings at 4,442,093 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 416,506 shares while 5 institutional investors sold out their entire positions totaling 93,746 shares.

Earlier this month, AXU announced results from its 2017 surface exploration drilling program in the vicinity of the Bermingham deposit in the Keno Hill Silver District (“KHSD”) in Canada’s Yukon Territory. Numerous significant silver-rich intercepts have been received from 28 of the 37 holes drilled in two target areas proximal to the Bermingham resource, and a third shallower new exploration target area approximately 200 meters (“m”) to the northeast. True width intercepts ranging from 5.15 m grading 1,547 grams/tonne (“g/t”) (49.73 ounce/tonne (“oz/t”)) silver (“Ag”) in hole K-17-0658, and 5.01 m grading 2,464 g/t (79.23 oz/t) Ag in drill hole K-17-0643, along with numerous other significant intercepts demonstrate expansion of the Bermingham deposit along strike and down plunge. True width intercepts up to 4.20 m grading 2,518 g/t (80.95 oz/t) Ag in hole K-17-0663 approximately 200 m to the northeast of the high grade Bear Vein represent a new discovery which remains open along strike.

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