Alexco Resources (AXU -12%) slides after Global Hunter downgrades the stock to Neutral with a...

|About: Alexco Resource Corporation (AXU)|By:, SA News Editor

Alexco Resources (AXU -12%) slides after Global Hunter downgrades the stock to Neutral with a new $5.25 price target from $8.75. The firm cites weak Q2 results, including lower overall performance at the Bellekeno Mine and higher operational costs. The firm cuts its 2012 and 2013 estimates to reflect a lower silver and base metals market environment.