Speculative Buy Following a site visit to its flagship Keno Hill silver project in the Yukon, Canaccord Genuity analyst Kevin MacKenzie raised his rating for Alexco Resource Corp. from speculatiive buy from hold”
“Following a longer-than-expected permitting/development period, Alexco is now emerging as the next high-grade silver producer within the industry,” he said. “Once steady state has been achieved over multiple successive quarters, we expect that Alexco will trade at a premium to peers given Keno Hill’s (1) safe operating jurisdiction, and (2) peer leading % silver production.”
His target for the Vancouver-based miner’s shares remains $3.25. The average is $3.75.