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Equities researchers at Mackie decreased their target price on shares of Rubicon Minerals Corp (NYSE:RBY) from C$3.25 to C$3.00 in a research report issued on Thursday, reports. The firm currently has a “buy” rating on the stock.

Shares of Rubicon Minerals Corp (NYSE:RBY) traded up 0.66% during mid-day trading on Thursday, hitting $1.53. The stock had a trading volume of 213,163 shares. Rubicon Minerals Corp has a one year low of $0.65 and a one year high of $2.65. The stock has a 50-day moving average of $1.09 and a 200-day moving average of $1.23. The company’s market cap is $441.9 million. Rubicon Minerals Corp also was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,469,767 shares, a decline of 11.8% from the January 15th total of 1,666,486 shares. Based on an average daily trading volume, of 952,061 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the company’s shares are sold short.

Rubicon Minerals Corporation (NYSE:RBY) is a development stage company.

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