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

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

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

Probe Gold Stock Down 4.1 %

Shares of PRB opened at C$1.87 on Wednesday. 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. The firm has a 50-day moving average of C$1.63. Probe Gold has a 52-week low of C$1.08 and a 52-week high of C$2.01.

Probe Gold Company Profile

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.