Laurentian Trims Rubicon Minerals (TSE:RMX) Target Price to C$2.25

Rubicon Minerals (TSE:RMX) had its target price lowered by Laurentian from C$3.00 to C$2.25 in a research report sent to investors on Tuesday, BayStreet.CA reports. Laurentian currently has a buy rating on the stock.

Shares of TSE RMX opened at C$0.99 on Tuesday. Rubicon Minerals has a 1-year low of C$0.61 and a 1-year high of C$1.52. The company has a debt-to-equity ratio of 114.77, a current ratio of 2.77 and a quick ratio of 2.51. The business’s fifty day moving average price is C$0.82 and its two-hundred day moving average price is C$1.00. The firm has a market capitalization of $67.90 million and a PE ratio of -3.01.

About Rubicon Minerals

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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