Probe Gold (CVE:PRB) Stock Rating Lowered by BMO Capital Markets

Probe Gold (CVE:PRB) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They currently have a C$3.65 price target on the stock, down from their prior price target of C$5.50. BMO Capital Markets’ price target would suggest a potential upside of 121.21% from the company’s previous close.

Separately, CIBC raised their price objective on Probe Gold from C$3.50 to C$4.50 in a research note on Friday, October 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Probe Gold has an average rating of “Hold” and an average target price of C$3.93.

Probe Gold Price Performance

Probe Gold stock opened at C$1.65 on Monday. The stock’s fifty day moving average price is C$1.65 and its two-hundred day moving average price is C$1.65. Probe Gold has a one year low of C$1.09 and a one year high of C$2.33. The company has a debt-to-equity ratio of 1.28, a current ratio of 16.90 and a quick ratio of 10.23. The firm has a market cap of C$228.67 million and a PE ratio of -16.08.

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.