Rubicon Minerals Corp. Short Interest Up 0.3% in August (RBY)
Rubicon Minerals Corp. (NYSE:RBY) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,122,586 shares, a growth of 0.3% from the July 31st total of 1,118,741 shares, Analyst Ratings Net reports. Based on an average daily volume of 496,419 shares, the short-interest ratio is currently 2.3 days. Approximately 0.3% of the company’s stock are short sold.
A number of analysts have recently weighed in on RBY shares. Analysts at Scotiabank initiated coverage on shares of Rubicon Minerals Corp. in a research note on Monday. They set a “sector perform” rating and a C$1.40 price target on the stock. Separately, 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. Finally, analysts at National Bank Financial reiterated an “outperform” rating on shares of Rubicon Minerals Corp. in a research note on Friday, July 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.06.
Rubicon Minerals Corp. (NYSE:RBY) opened at 1.39 on Friday. Rubicon Minerals Corp. has a 52 week low of $0.65 and a 52 week high of $1.77. The stock has a 50-day moving average of $1.4 and a 200-day moving average of $1.27. The company’s market cap is $515.0 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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