Probe Gold (TSE:PRB) Upgraded by Scotiabank to Strong-Buy Rating

Probe Gold (TSE:PRB) was upgraded by stock analysts at Scotiabank to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised shares of Probe Gold to a “strong-buy” rating in a research note on Thursday, September 12th. Desjardins raised Probe Gold to a “moderate buy” rating in a research note on Monday, December 9th.

Probe Gold Trading Down 4.1 %

Shares of TSE PRB opened at C$1.87 on Wednesday. The firm has a 50 day simple moving average of C$1.63. Probe Gold has a 1 year low of C$1.08 and a 1 year high of C$2.01. The company has a market cap of C$338.51 million, a price-to-earnings ratio of -8.90 and a beta of 1.77.

About Probe Gold

Probe Gold Inc, a precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. Its flagship asset is its 100%-owned Novador property comprising 436 square kilometers, which includes the Monique, Pascalis, and Courvan trends and their deposits located in the city of Val-d’Or, Quebec.