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Analysts at BMO Capital Markets increased their target price on shares of Rubicon Minerals Corp (NYSE:RBY) from C$1.10 to C$1.60 in a research report issued to clients and investors on Thursday, reports. The firm currently has a “market perform” rating on the stock.

Rubicon Minerals Corp (NYSE:RBY) traded up 5.52% during mid-day trading on Thursday, hitting $1.53. 1,299,944 shares of the company’s stock traded hands. Rubicon Minerals Corp has a 52-week low of $0.65 and a 52-week high of $2.65. The stock’s 50-day moving average is $1.12 and its 200-day moving average is $1.23. The company’s market cap is $441.9 million. Rubicon Minerals Corp also was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,469,767 shares, a drop of 11.8% from the January 15th total of 1,666,486 shares. Based on an average daily volume of 952,061 shares, the short-interest ratio is presently 1.5 days. Currently, 0.5% of the shares of the stock are sold short.

Separately, analysts at Mackie cut their price target on shares of Rubicon Minerals Corp from C$3.25 to C$3.00 in a research note on Thursday. They now have a “buy” rating on the stock.

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

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