Lithium is undoubtedly the most popular natural resource for alternative investors, but it’s far from the only option. Gold, silver, lead, and zinc are all viable metals used in clean energy and hi-tech industries. Alexco Resource Corp (NYSE: AXU) is a promising alternative pick that is priced at a bargain and set for future growth.
Alexco is the owner of the Keno Hill Silver District in Canada. It is one of the most valuable silver districts in the world. Silver is used in hi-tech components for energy production, medical instruments, batteries, solar panels, and a whole range of electronic devices. Alexco also has access to gold, zinc, and lead deposits, all of which are essential for the modern clean energy industry. Zinc is a particularly important resource, as it has the potential to be used in batteries that are safer and more affordable to produce than lithium batteries.
This company had its best year in half a decade in 2018. Revenue was up 85.24% year over year, with income growing by 57.10%. The company operates with a relatively high (for its sector) profit margin of 29.42%.
Investor confidence is growing in Alexco. The company has access to some of the most resource-rich metal deposits in Canada, and the potential for future revenue is high. The company can benefit from the ongoing alternative energy boom and a growing international tech industry. This is a strong pick for long term investors seeking a bargain stock this month.
- 1 Year Price Growth: 32%
- YTD Price Growth: 93%
- 3 Month Price Growth: 06%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.