Rubicon Minerals Corp. Receives New Coverage from Analysts at Scotiabank (RBY)
Investment analysts at Scotiabank assumed coverage on shares of Rubicon Minerals Corp. (NYSE:RBY) in a note issued to investors on Monday. The firm set a “sector perform” rating and a C$1.40 price target on the stock.
RBY has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of Rubicon Minerals Corp. from a “hold” rating to a “speculative buy” rating in a research note on Wednesday, August 20th. Separately, analysts at National Bank Financial reiterated an “outperform” rating on shares of Rubicon Minerals Corp. in a research note on Friday, July 25th. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.06.
Rubicon Minerals Corp. (NYSE:RBY) traded down 1.46% on Monday, hitting $1.35. 142,974 shares of the company’s stock traded hands. Rubicon Minerals Corp. has a one year low of $0.65 and a one year high of $1.90. The stock has a 50-day moving average of $1.47 and a 200-day moving average of $1.27. The company’s market cap is $500.2 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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