Rubicon Minerals (TSE:RMX) Price Target Increased to C$2.50 by Analysts at BMO Capital Markets

Rubicon Minerals (TSE:RMX) had its price objective lifted by equities research analysts at BMO Capital Markets from C$2.00 to C$2.50 in a report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 187.36% from the company’s previous close.

Separately, Laurentian cut their target price on Rubicon Minerals from C$3.00 to C$2.25 and set a “buy” rating for the company in a research note on Tuesday.

TSE RMX traded down C$0.02 during trading hours on Wednesday, hitting C$0.87. The company had a trading volume of 58,900 shares, compared to its average volume of 52,856. Rubicon Minerals has a 52 week low of C$0.61 and a 52 week high of C$1.52. The firm has a 50 day simple moving average of C$0.81 and a 200 day simple moving average of C$1.01. The company has a debt-to-equity ratio of 114.77, a quick ratio of 2.51 and a current ratio of 2.77. The firm has a market capitalization of $67.90 million and a price-to-earnings ratio of -2.64.

Rubicon Minerals Company Profile

Rubicon Minerals Corporation engages in the exploration and development of gold properties in Canada and the United States. The company holds a 100% interest in Phoenix Gold project located in the Red Lake gold district in northwestern Ontario, Canada. It also holds interests in approximately 285 square kilometers of exploration ground in the Red Lake gold district; and approximately 900 square kilometers of mineral property interests in the Long Canyon gold district in the Nevada-Utah border.

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