National Asset Management Inc. grew its position in shares of Alexco Resource Corp. (NYSEAMERICAN:AXU) (TSE:AXR) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,000 shares of the mining company’s stock after purchasing an additional 14,000 shares during the period. National Asset Management Inc. owned approximately 0.12% of Alexco Resource worth $423,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Strategic Advisors LLC purchased a new stake in shares of Alexco Resource during the second quarter worth $31,000. Avantax Advisory Services Inc. purchased a new stake in shares of Alexco Resource during the third quarter worth $45,000. Two Sigma Advisers LP purchased a new stake in shares of Alexco Resource during the second quarter worth $39,000. Quadrature Capital Ltd purchased a new stake in shares of Alexco Resource during the second quarter worth $58,000. Finally, Guild Investment Management Inc. purchased a new stake in shares of Alexco Resource during the third quarter worth $73,000.
Separately, Zacks Investment Research lowered Alexco Resource from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th.
NYSEAMERICAN:AXU opened at $2.42 on Friday. Alexco Resource Corp. has a 12 month low of $0.72 and a 12 month high of $3.50.
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, zinc, and gold deposits. It owns interests in the majority of the historic Keno Hill Silver District project that comprises the Flame & Moth, Bermingham, Lucky Queen, Bellekeno, and Onek deposits, as well as 725 quartz mining leases, 873 quartz claims, 24 placer mining claims, one quartz mining license and 50% of three quartz mining leases, and two crown grants 50% of three quartz mining leases covering an area of 233 square kilometers located in Yukon Territory.
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