Probe Gold (TSE:PRB) Receives Strong-Buy Upgrade from Scotiabank

On Wednesday, Probe Gold (TSE:PRB) was upgraded by analysts at Scotiabank to a "strong-buy" rating, according to a recent research report. This significant change in rating indicates a strong endorsement of the stock's potential moving forward.

Several other research analysts have also shared their views on Probe Gold in recent weeks. For instance, Desjardins had previously rated Probe Gold as a "moderate buy" in a report dated December 9th. Moreover, BMO Capital Markets upgraded the stock to a "strong-buy" rating back on September 12th, showing growing confidence among various financial analysts.

Probe Gold Stock Overview

As trading commenced on Wednesday, shares of Probe Gold opened at C$1.87. The company holds a market capitalization of approximately C$338.51 million. It has a P/E ratio of -8.90 and a beta value of 1.77, indicating a notable level of volatility. The stock's 50-day moving average stands at C$1.63, while the 52-week range it has experienced is from a low of C$1.08 to a high of C$2.01, showcasing its performance over time.

About Probe Gold Inc.

Probe Gold Inc. focuses on the exploration and development of precious metal properties in Canada. One of its key assets is the Novador property, which the company fully owns. This property spans 436 square kilometers and includes the Monique, Pascalis, and Courvan trends along with their associated deposits, all situated in Val-d’Or, Quebec.

Investment Considerations

Before deciding whether to invest in Probe Gold, it is advisable to consider various factors. Although analysts currently have a "strong-buy" rating for the stock, other leading analysts may suggest alternative investment options. It's important to conduct thorough research and possibly consult financial advisories before making investment decisions.

Probe, Gold, Scotiabank