Rubicon Minerals Corp. Short Interest Down 2.9% in July (RBY)
Shares of Rubicon Minerals Corp. (NYSE:RBY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,118,741 shares, a decrease of 2.9% from the July 15th total of 1,151,807 shares, American Banking News reports. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 706,005 shares, the short-interest ratio is currently 1.6 days.
A number of research firms have recently commented on RBY. Analysts at National Bank Financial reiterated an “outperform” rating on shares of Rubicon Minerals Corp. in a research note on Friday, July 25th. Separately, 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, July 25th. They now have a “speculative buy” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Rubicon Minerals Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.28.
Rubicon Minerals Corp. (NYSE:RBY) opened at 1.46 on Thursday. Rubicon Minerals Corp. has a 52-week low of $0.65 and a 52-week high of $1.90. The stock has a 50-day moving average of $1.49 and a 200-day moving average of $1.26. The company’s market cap is $530.1 million.
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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