Probe Gold (CVE:PRB) Given a C$3.65 Price Target by National Bankshares Analysts

Probe Gold (CVE:PRB) has been assigned a C$3.65 price objective by equities researchers at National Bankshares in a report released on Monday,BayStreet.CA reports. The firm presently has a “tender” rating on the stock. National Bankshares’ price objective suggests a potential upside of 121.21% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. CIBC increased their target price on shares of Probe Gold from C$3.50 to C$4.50 in a report on Friday, October 10th. BMO Capital Markets cut shares of Probe Gold from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$5.50 to C$3.65 in a research report on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$3.93.

Probe Gold Trading Down 1.8%

Shares of CVE:PRB traded down C$0.03 during mid-day trading on Monday, reaching C$1.65. The stock had a trading volume of 21,950 shares, compared to its average volume of 52,782. The firm has a 50 day simple moving average of C$1.65 and a two-hundred day simple moving average of C$1.65. Probe Gold has a twelve month low of C$1.09 and a twelve month high of C$2.33. The firm has a market cap of C$228.67 million and a PE ratio of -16.08. The company has a current ratio of 16.90, a quick ratio of 10.23 and a debt-to-equity ratio of 1.28.

Probe Gold Company Profile

Probe Metals Inc engages in the acquisition, exploration, and development of gold properties in Canada. The company's principal project is the Val-d'Or East project comprising 1,000 claims covering an area of 436 square kilometers located in the city of Val-d'Or, Quebec. It also holds interest in the Detour Quebec project, which includes approximately 1,434 claims covering ab area of 777 square kilometers located in north of Rouyn-Noranda, Quebec; and 100 % interest in Casa-Cameron project comprising 3 properties covering an area of approximately 169 square kilometers.