Rubicon Minerals Corporation

RMX-T

TSE:RMX

1.79
0.01 (0.56%)
Rubicon Minerals is a Canadian company active in gold exploration. Rubicon owns more than 65,000 acres of exploration ground near Red Lake, Ontario, Canada, and has made significant discoveries of gold on this property.
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Analysis and Opinions about RMX-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 6, 2019
He doesn't understand the geology here, but the managers are very good whom he knows. But consider it.
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He doesn't understand the geology here, but the managers are very good whom he knows. But consider it.
SELL
SELL
May 12, 2016

Hold or Sell? He doesn’t think this is going to go back into production. This was put into production on a prefeasibility study, and the deposit wasn’t rolled off as well as it should have been. There is too much non-mineralized material in between the ore chutes and he doesn’t think it is going to work.

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Hold or Sell? He doesn’t think this is going to go back into production. This was put into production on a prefeasibility study, and the deposit wasn’t rolled off as well as it should have been. There is too much non-mineralized material in between the ore chutes and he doesn’t think it is going to work.

COMMENT
COMMENT
March 8, 2016

Not going to be a take out candidate. This is a disaster. The mineralization is very erratically distributed in structures. Even within those structures, the gold mineralization itself is very erratically distributed. It is difficult to put together any continuity for a mine plan. He thinks they are going to stay broke.

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Not going to be a take out candidate. This is a disaster. The mineralization is very erratically distributed in structures. Even within those structures, the gold mineralization itself is very erratically distributed. It is difficult to put together any continuity for a mine plan. He thinks they are going to stay broke.

COMMENT
COMMENT
December 1, 2015

They were very loud saying “I’ve got a million ounces”, etc. and then went ahead with the mine without the real deep science and engineering behind it. It is in such a mess that they really don’t know what the consistency of the asset is. Somebody has to come in and fix it. It all has to be reworked from scratch.

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They were very loud saying “I’ve got a million ounces”, etc. and then went ahead with the mine without the real deep science and engineering behind it. It is in such a mess that they really don’t know what the consistency of the asset is. Somebody has to come in and fix it. It all has to be reworked from scratch.

DON'T BUY
DON'T BUY
May 1, 2015

Development costs seem to be escalating. His company has upped the target to $1.50, but NAV has decreased. He would prefer the ones that are already producing.

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Development costs seem to be escalating. His company has upped the target to $1.50, but NAV has decreased. He would prefer the ones that are already producing.

COMMENT
COMMENT
February 3, 2015

They have a gold play in northern Ontario and cash in the bank and a good balance sheet. They are hoping to bring the Phoenix online in the next 6 months. Have issued a lot more shares, so the possibility exists for a stock consolidation. Has a lot of upside. He could see this as a flyer.

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They have a gold play in northern Ontario and cash in the bank and a good balance sheet. They are hoping to bring the Phoenix online in the next 6 months. Have issued a lot more shares, so the possibility exists for a stock consolidation. Has a lot of upside. He could see this as a flyer.

COMMENT
COMMENT
November 5, 2014

Owns this in one of his specialty funds, but doesn't own it in his normal resource fund. It is going through the process of finishing the mine with production expected in the 1st half of 2015. It is fully funded, and he doesn't anticipate any errors or changes in terms of capital spending. This is a hard one to tell. As long as gold remains at around $1300, it will probably do well, but it just might take a little longer than people anticipate.

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Owns this in one of his specialty funds, but doesn't own it in his normal resource fund. It is going through the process of finishing the mine with production expected in the 1st half of 2015. It is fully funded, and he doesn't anticipate any errors or changes in terms of capital spending. This is a hard one to tell. As long as gold remains at around $1300, it will probably do well, but it just might take a little longer than people anticipate.

COMMENT
COMMENT
August 7, 2014

Thinks the stock will go up, but thinks you are coming into the period where development takes place and you have a transition in ownership from Canadian retail to global institutional. Those transitions often chart like the electrocardiogram of a corpse.

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Thinks the stock will go up, but thinks you are coming into the period where development takes place and you have a transition in ownership from Canadian retail to global institutional. Those transitions often chart like the electrocardiogram of a corpse.

COMMENT
COMMENT
June 27, 2014

There is a rumour that Goldcorp (G-T) might take them out. Goldcorp failed on the Osisko takeover, but Rubicon would have to finish the Phoenix project. Doesn’t expect this is going to happen within the next year, but are likely looking at the next 18 months. Just on its own, without a takeout, he could see this doubling as a producer multiple, and could be beyond that on a takeover.

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There is a rumour that Goldcorp (G-T) might take them out. Goldcorp failed on the Osisko takeover, but Rubicon would have to finish the Phoenix project. Doesn’t expect this is going to happen within the next year, but are likely looking at the next 18 months. Just on its own, without a takeout, he could see this doubling as a producer multiple, and could be beyond that on a takeover.

COMMENT
COMMENT
March 25, 2014

Have the right address being near Goldcorp’s (G-T) Red Lake mine of high-grade material. Have undergone a change in their program in terms of their feasibility study. Expects he will own this one in the future, but hasn’t figured out what he feels the value of the company is.

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Have the right address being near Goldcorp’s (G-T) Red Lake mine of high-grade material. Have undergone a change in their program in terms of their feasibility study. Expects he will own this one in the future, but hasn’t figured out what he feels the value of the company is.

DON'T BUY
DON'T BUY
February 3, 2014

High grade deposit in Ontario. More than 2 million oz of gold. They are a developer rather than cash flower. There is a question about how they finish developing this asset. The asset is a good one, however.

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High grade deposit in Ontario. More than 2 million oz of gold. They are a developer rather than cash flower. There is a question about how they finish developing this asset. The asset is a good one, however.

HOLD
HOLD
May 28, 2013

Have a joint venture in developing a property in Red Lake with Goldcorp (G-T). Have the money to advance their properties but, because it is a junior gold exploration company, they are at the mercy of the market malaise. This company will bounce back with the junior sector.

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Have a joint venture in developing a property in Red Lake with Goldcorp (G-T). Have the money to advance their properties but, because it is a junior gold exploration company, they are at the mercy of the market malaise. This company will bounce back with the junior sector.

COMMENT
COMMENT
May 14, 2013

What is the upside potentia on Rubicon? They are ramping up a new mine so their cash flow is not available for 2- 2 plus years. Not in his portfolio. Balance sheet is tight. Share price is under pressure during development stage as there are risks during this stage and the stock tends to go sideways.

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What is the upside potentia on Rubicon? They are ramping up a new mine so their cash flow is not available for 2- 2 plus years. Not in his portfolio. Balance sheet is tight. Share price is under pressure during development stage as there are risks during this stage and the stock tends to go sideways.

HOLD
HOLD
January 15, 2013

(Market Call Minute.) Very interesting asset. He is always perplexed in figuring out the valuation.

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(Market Call Minute.) Very interesting asset. He is always perplexed in figuring out the valuation.

SPECULATIVE BUY
SPECULATIVE BUY
November 8, 2012

Capital footprint is not in the billions and would be a good acquisition for someone like G-T

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Capital footprint is not in the billions and would be a good acquisition for someone like G-T

BUY
BUY
August 16, 2012

Safe jurisdiction. Multi million oz mine in his belief. G-T bough another junior in the area and suggests this one is worth a double. He would still add to it.

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Safe jurisdiction. Multi million oz mine in his belief. G-T bough another junior in the area and suggests this one is worth a double. He would still add to it.

(Market Call Minute)
DON'T BUY
DON'T BUY
April 9, 2012
Gold. Has a short position in this one but is warming up to the sector. He'll probably cover the short in the near-term. There are others he would prefer where their resources are going very fast and there are positive fundamental changes.
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Gold. Has a short position in this one but is warming up to the sector. He'll probably cover the short in the near-term. There are others he would prefer where their resources are going very fast and there are positive fundamental changes.
PAST TOP PICK
PAST TOP PICK
January 24, 2012
(Top Pick Jan 13/11, Down 30.24%)
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(Top Pick Jan 13/11, Down 30.24%)
COMMENT
COMMENT
August 3, 2011
Agnico Eagle moved in to a share ownership position with them. He doesn’t know. It is still in a downtrend on the chart.
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Agnico Eagle moved in to a share ownership position with them. He doesn’t know. It is still in a downtrend on the chart.
SELL
SELL
June 14, 2011
Would support getting out of it. Would not expect it to resume its old highs.
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Would support getting out of it. Would not expect it to resume its old highs.
DON'T BUY
DON'T BUY
March 7, 2011
Good bunch of guys who’ve done a great lot of work in the Red Lake area. Did a resource estimate and the estimator did not do a top cut on the grades. They’ll have to get a new resource and there could be trouble for the stock.
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Good bunch of guys who’ve done a great lot of work in the Red Lake area. Did a resource estimate and the estimator did not do a top cut on the grades. They’ll have to get a new resource and there could be trouble for the stock.
TOP PICK
TOP PICK
January 13, 2011
Gold exploration in Red Lake, the cream of the crop in terms of high-grade gold. A $1.1 billion market cap and they just came out with an initial resource of 4 million ounces. Potential of 13-16 million ounces. Could be a double or triple.
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Gold exploration in Red Lake, the cream of the crop in terms of high-grade gold. A $1.1 billion market cap and they just came out with an initial resource of 4 million ounces. Potential of 13-16 million ounces. Could be a double or triple.
COMMENT
COMMENT
November 22, 2010
Extending a drift a considerable distance under ground to prove out the gold asset, so now waiting for this proof so it os now speculation. Prefers Premier Gold (PG-T), which he owns.
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Extending a drift a considerable distance under ground to prove out the gold asset, so now waiting for this proof so it os now speculation. Prefers Premier Gold (PG-T), which he owns.
WAIT
WAIT
September 29, 2010
Sold holdings when it got expensive> Stock has now come down quite a bit this year. Getting close to production. Difficult to evaluate but as more drilling and information becomes available he’ll be able to make a better assessment.
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Sold holdings when it got expensive> Stock has now come down quite a bit this year. Getting close to production. Difficult to evaluate but as more drilling and information becomes available he’ll be able to make a better assessment.
BUY
BUY
August 19, 2010
Formed a huge base through 08 and 09 and then went up at the end of 09. Had a nice pullback to midyear and is now rallying back up. Expect it will break through its resistance of $5 and looks like it wants to go much higher.
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Formed a huge base through 08 and 09 and then went up at the end of 09. Had a nice pullback to midyear and is now rallying back up. Expect it will break through its resistance of $5 and looks like it wants to go much higher.
COMMENT
COMMENT
May 27, 2010
Expect it has a 5 million ounce deposit but probably the high grade is much smaller than what has been suggested. Expect this is the reason for the weakness in the stock.
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Expect it has a 5 million ounce deposit but probably the high grade is much smaller than what has been suggested. Expect this is the reason for the weakness in the stock.
DON'T BUY
DON'T BUY
March 11, 2010
Have had outstanding success in the Red Lake camp. Very smart people. Not sure how much there is left in there.
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Have had outstanding success in the Red Lake camp. Very smart people. Not sure how much there is left in there.
BUY
BUY
February 2, 2010
(Market Call Minute) High Risk – speculative, but it probably goes up.
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(Market Call Minute) High Risk – speculative, but it probably goes up.
COMMENT
COMMENT
December 21, 2009
Gold exploration is pure risk capital i.e. speculation. Junior exploration plays came in from mid summer to now because of market liquidity. It now has to be a mine requiring a lot of capital near term. Hard work is now going to have to kick in. He sold half his position.
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Gold exploration is pure risk capital i.e. speculation. Junior exploration plays came in from mid summer to now because of market liquidity. It now has to be a mine requiring a lot of capital near term. Hard work is now going to have to kick in. He sold half his position.
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Rubicon Minerals Corporation(RMX-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Rubicon Minerals Corporation is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Rubicon Minerals Corporation(RMX-T) Frequently Asked Questions

What is Rubicon Minerals Corporation stock symbol?

Rubicon Minerals Corporation is a Canadian stock, trading under the symbol RMX-T on the Toronto Stock Exchange (RMX-CT). It is usually referred to as TSX:RMX or RMX-T

Is Rubicon Minerals Corporation a buy or a sell?

In the last year, there was no coverage of Rubicon Minerals Corporation published on Stockchase.

Is Rubicon Minerals Corporation a good investment or a top pick?

Rubicon Minerals Corporation was recommended as a Top Pick by Rick Rule on 2019-11-06. Read the latest stock experts ratings for Rubicon Minerals Corporation.

Why is Rubicon Minerals Corporation stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Rubicon Minerals Corporation worth watching?

0 stock analyst on Stockchase covered Rubicon Minerals Corporation In the last year. It is a trending stock that is worth watching.

What is Rubicon Minerals Corporation stock price?

On 2020-05-22, Rubicon Minerals Corporation (RMX-T) stock closed at a price of $1.79.