CIBC Cuts Probe Gold (CVE:PRB) Price Target to C$2.35

Probe Gold (CVE:PRB) had its price objective dropped by equities researchers at CIBC from C$3.35 to C$2.35 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 42.42% from the stock’s previous close.

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

Probe Gold Stock Down 1.8 %

PRB stock traded down C$0.03 during trading on Monday, reaching C$1.65. 21,950 shares of the stock were exchanged, compared to its average volume of 52,782. The firm’s 50 day moving average is C$1.65 and its 200 day moving average is C$1.65. Probe Gold has a twelve month low of C$1.09 and a twelve month high of C$2.33. The company has a current ratio of 10.26, a quick ratio of 10.23 and a debt-to-equity ratio of 0.93. The firm has a market cap of C$249.83 million and a P/E ratio of -11.15.

Insider Transactions at Probe Gold

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.

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.