Probe Gold (TSE:PRB) Sets New 52-Week High – Should You Buy?

Probe Gold Inc. (TSE:PRB)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.74 and last traded at C$3.74, with a volume of 2763581 shares. The stock had previously closed at C$3.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PRB shares. BMO Capital Markets cut Probe Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Canaccord Genuity Group cut Probe Gold from a “moderate buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Probe Gold Stock Up 1.9%

The company has a market cap of C$762.80 million, a price-to-earnings ratio of -34.00 and a beta of 1.15. The stock has a fifty day moving average price of C$2.92 and a two-hundred day moving average price of C$2.49.

About Probe Gold

Probe Metals Inc is a metal exploration company. The company is engaged in the acquisition, exploration, and development of gold properties in Quebec. Its projects include Val-d’Or East, Detour Quebec, Casa-Cameron, and others.