CIBC Has Lowered Expectations for Probe Gold (CVE:PRB) Stock Price

Probe Gold (CVE:PRB) had its target price decreased by equities researchers at CIBC from C$3.35 to C$2.35 in a report issued on Monday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 42.42% from the company’s previous close.

Separately, BMO Capital Markets boosted their price objective on Probe Gold from C$3.00 to C$3.50 in a research report on Thursday, September 12th.

Probe Gold Price Performance

Shares of Probe Gold stock traded down C$0.03 during trading on Monday, reaching C$1.65. 21,950 shares of the company’s stock were exchanged, compared to its average volume of 52,782. 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 cap of C$249.83 million and a P/E ratio of -11.15. The firm’s 50-day moving average price is C$1.65 and its 200 day moving average price is C$1.65.

Insider Buying and Selling

In related news, Director Shannon Leigh Mccrae purchased 19,400 shares of Probe Gold stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of C$1.75 per share, for a total transaction 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.