Rubicon Minerals Corp. Rating Increased to Speculative Buy at Canaccord Genuity (RBY)
Rubicon Minerals Corp. (NYSE:RBY) was upgraded by Canaccord Genuity from a “hold” rating to a “speculative buy” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Rubicon Minerals Corp. (NYSE:RBY) traded up 3.01% on Wednesday, hitting $1.37. The stock had a trading volume of 1,156,229 shares. Rubicon Minerals Corp. has a one year low of $0.65 and a one year high of $1.90. The stock’s 50-day moving average is $1.47 and its 200-day moving average is $1.27. The company’s market cap is $507.6 million.
A number of other firms have also 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Rubicon Minerals Corp. presently has an average rating of “Buy” and a consensus price target 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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