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

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PRB shares. BMO Capital Markets downgraded Probe Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday. Canaccord Genuity Group downgraded Probe Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Probe Gold Trading Up 1.9%

The firm has a market capitalization of C$762.80 million, a P/E ratio of -34.00 and a beta of 1.15. The firm has a 50-day moving average of C$2.92 and a two-hundred day moving average of C$2.49.

Probe Gold Company Profile

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.