Probe Gold Receives Strong-Buy Upgrade from Scotiabank

Probe Gold (TSE:PRB) has recently been upgraded to a "strong-buy" rating by research analysts at Scotiabank, as highlighted in a report released on Wednesday.

Other analysts have also shared their views on Probe Gold. For instance, Desjardins recommended a "moderate buy" rating for the company in a research note dated December 9th. Additionally, BMO Capital Markets elevated the stock to a "strong-buy" rating back on September 12th.

Probe Gold Stock Performance

On Wednesday, shares of Probe Gold opened at C$1.87. The company's market capitalization stands at C$338.51 million, with a P/E ratio of -8.90 and a beta of 1.77. The 50-day moving average price for the stock is C$1.63. Over the past year, the stock has seen a low of C$1.08 and a high of C$2.01.

About Probe Gold

Probe Gold Inc is a precious metal exploration company that focuses on acquiring, exploring, and developing gold properties within Canada. Its principal asset is the Novador property, which it owns entirely. This significant asset spans 436 square kilometers and includes the Monique, Pascalis, and Courvan trends as well as their associated deposits, all situated in Val-d'Or, Quebec.

Investment Considerations

While Probe Gold has recently garnered a "strong-buy" rating from analysts, it's essential for potential investors to consider their options carefully. It's worth noting that some of the top-rated analysts have pointed out five alternative stocks they deem better investment choices at this time.

Investors interested in exploring more about the favorable stocks might want to do further research before making any investment decisions.

Probe, Gold, Stock