BMO Capital Markets Boosts Probe Gold (CVE:PRB) Price Target to C$3.50

Probe Gold (CVE:PRB) had its price target increased by investment analysts at BMO Capital Markets from C$3.00 to C$3.50 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 112.12% from the company’s previous close.

Probe Gold Stock Performance

Shares of CVE:PRB traded down C$0.03 during trading on Thursday, hitting C$1.65. 21,950 shares of the stock were exchanged, compared to its average volume of 52,782. The company’s fifty day simple moving average is C$1.65 and its 200-day simple moving average is C$1.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 10.23 and a current ratio of 10.26. Probe Gold has a 1-year low of C$1.09 and a 1-year high of C$2.33. The company has a market capitalization of C$249.83 million and a price-to-earnings ratio of -11.15.

Insiders Place Their Bets

In other Probe Gold news, Director Shannon Leigh Mccrae bought 19,400 shares of Probe Gold stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$1.75 per share, with a total value of C$33,950.00.

About Probe Gold

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.