Rubicon Minerals Corp. Stock Rating Reaffirmed by National Bank Financial (RBY)
Rubicon Minerals Corp. (NYSE:RBY) traded up 1.40% during mid-day trading on Friday, hitting $1.45. 810,957 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 $1.90. The stock’s 50-day moving average is $1.39 and its 200-day moving average is $1.22. The company’s market cap is $526.5 million. Rubicon Minerals Corp. also was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 1,151,807 shares, a drop of 36.0% from the June 30th total of 1,800,007 shares. Based on an average daily trading volume, of 795,085 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the company’s stock are short sold.
A number of other analysts have also recently weighed in on RBY. Analysts at TD Securities raised their price target on shares of Rubicon Minerals Corp. from C$2.00 to C$2.25 in a research note on Friday. They now have a “speculative buy” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Rubicon Minerals Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, analysts at Canaccord Genuity initiated coverage on shares of Rubicon Minerals Corp. in a research note on Thursday, May 29th. They set a “speculative buy” rating and a C$1.60 price target on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.28.
Rubicon Minerals Corporation (NYSE:RBY) is a mineral exploration company engaged in the acquisition, exploration and development of gold and base-metal exploration properties both through Company funded and partner-funded exploration.
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