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Probe Gold (PRB) Stock Overview

A precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. More details

PRB fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 64.7% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Currently unprofitable and not forecast to become profitable over the next 3 years

PRB Community Fair Values

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Probe Gold Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Probe Gold
Historical stock prices
Current Share Price	CA$3.64
52 Week High	CA$3.78
52 Week Low	CA$1.71
Beta	1.05
1 Month Change	0%
3 Month Change	36.33%
1 Year Change	96.76%
3 Year Change	116.67%
5 Year Change	123.31%
Change since IPO	756.47%

Recent updates

Analysis Article • Mar 18

Will Probe Gold (TSE:PRB) Spend Its Cash Wisely?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Analysis Article • Sep 25

We Think Probe Metals (CVE:PRB) Can Afford To Drive Business Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

	PRB	CA Metals and Mining	CA Market
7D	0%	0.3%	0.7%
1Y	96.8%	49.5%	22.6%

Return vs Industry: PRB underperformed the Canadian Metals and Mining industry which returned 141.2% over the past year.

Return vs Market: PRB exceeded the Canadian Market which returned 27.8% over the past year.

Price Volatility

Is PRB's price volatile compared to industry and market?
PRB volatility
PRB Average Weekly Movement	11.2%
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	16.0%
10% least volatile stocks in CA Market	3.6%

Stable Share Price: PRB has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: PRB's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	27	David Alexander Palmer	probegold.com

Probe Gold Inc., a precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. the company’s flagship asset is its 100%-owned Novador property comprising 436 square kilometers, which includes the Monique, Pascalis, and Courvan trends and their deposits located in the city of Val-d'Or, Quebec. It also acquired a 100% interest in the Stella Property located in the Val-d’Or region, Quebec.

Probe Gold Inc. Fundamentals Summary

How do Probe Gold's earnings and revenue compare to its market cap?
PRB fundamental statistics
Market cap	CA$742.56m
Earnings (TTM)	-CA$23.52m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-31.6x

P/E Ratio

Is PRB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PRB income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$23.52m
Earnings	-CA$23.52m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did PRB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/21 07:29
End of Day Share Price	2026/01/21 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Probe Gold Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew Mikitchook	BMO Capital Markets Equity Research
Matthew Murphy	BMO Capital Markets Equity Research
Michael Gray	Macquarie Research

This company listing is no longer active

Probe Gold (PRB) Stock Overview

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Risk Analysis

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Probe Gold Inc. Competitors

Jaguar Mining

Amex Gold Mining

International Tower Hill Mines

Heliostar Metals

Price History & Performance

Recent News & Updates

Fresnillo plc (LSE:FRES) completed the acquisition of Probe Gold Inc. (TSX:PRB) from Eldorado Gold Corporation (TSX:ELD), directors and officers of Probe and others.

Price target decreased by 8.0% to CA$4.83

Fresnillo plc (LSE:FRES) entered into a definitive arrangement agreement to acquire Probe Gold Inc. (TSX:PRB) from Eldorado Gold Corporation (TSX:ELD), directors and officers of Probe and others for approximately CAD 760 million.

Price target increased by 8.7% to CA$4.67

Price target increased by 7.9% to CA$4.54

Probe Gold Inc. Announces Infill Drilling Results with Grades Up to 20.4 g/T Au over 5.5 Metres (Cut) At Novador Project, Quebec

Recent updates

Fresnillo plc (LSE:FRES) completed the acquisition of Probe Gold Inc. (TSX:PRB) from Eldorado Gold Corporation (TSX:ELD), directors and officers of Probe and others.

Price target decreased by 8.0% to CA$4.83

Fresnillo plc (LSE:FRES) entered into a definitive arrangement agreement to acquire Probe Gold Inc. (TSX:PRB) from Eldorado Gold Corporation (TSX:ELD), directors and officers of Probe and others for approximately CAD 760 million.

Price target increased by 8.7% to CA$4.67

Price target increased by 7.9% to CA$4.54

Probe Gold Inc. Announces Infill Drilling Results with Grades Up to 20.4 g/T Au over 5.5 Metres (Cut) At Novador Project, Quebec

Probe Gold Inc. Intersects Grades Up to 11.7 g/t Au Over 4.0 Metres in Infill Drilling at Novador Project, Quebec

Probe Gold Inc. Intersects Grades Up to 3.1 G/T Au over 17.0 Metres in Infill Drilling At Novador Project, Quebec

Price target increased by 7.5% to CA$3.96

Probe Gold Inc. Intersects 12.3 G/T Gold over 20.7 Metres in Infill Drilling At Novador Project, Quebec

New minor risk - Shareholder dilution

Probe Gold Inc. announced that it has received CAD 45.275 million in funding

Probe Gold Inc., Annual General Meeting, Jun 26, 2025

No longer forecast to breakeven

Price target increased by 7.9% to CA$3.75

Probe Gold Inc. announced that it expects to receive CAD 30.0162 million in funding

Probe Gold Inc. Announces Infill Drilling Results with Grades Up to 4.4 g/t Au Over 20.0 Metres at Novador Project, Quebec

President exercised options to buy CA$382k worth of stock.

Probe Gold Announces Positive Geochemical Results; Confirms Non-Acid-Generating, Non-Leachable Classification for Novador Mine Project Waste Rock and Tailings

Independent Chairman of the Board exercised options to buy CA$388k worth of stock.

Probe Gold Inc. Reports MMI Soil Sampling Results for its Detour Quebec Project

Chief Operating Officer exercised options to buy CA$240k worth of stock.

Probe Gold Reports Infill Drilling Results with Grades Up to 3.8 G/T Au over 17.4 Metres (Cut) At the Novador Project, Quebec

Probe Gold Inc. (TSX:PRB) completed the acquisition of Stella Property from Leopard Lake Gold Corp. (CNSX:LP).

Probe Gold Inc. (TSX:PRB) completed the acquisition of Bermont Claims Property from Gestion Jadmine Inc.

Price target increased by 9.0% to CA$3.47

Probe Gold Inc. (TSX:PRB) signed a definitive purchase agreement to acquire Stella Property from Leopard Lake Gold Corp. (CNSX:LP) for CAD 0.25 million.

Midland Exploration Inc. and Probe Gold Inc. Announces MMI Soil Results on the Copper-Gold-Silver-Molybdenum Discovery, La Peltrie Project

Probe Gold Inc. Commences Infill Drill Program at Novador Project, Quebec

New major risk - Revenue and earnings growth

Price target increased by 8.5% to CA$3.07

Probe Gold Inc. Announces the Release of the Updated Mineral Resource Estimate for Its Val-D'or Properties in Quebec Incorporates Results from the 2023 and 2024 Drilling Programs

Probe Gold Intersects High-Grade Gold in Drilling At the Beaufor Gold Deposit, Novador Project, Quebec

New major risk - Revenue and earnings growth

Probe Gold Inc. Provides Last Set of Results from the Monique Resource Drill Program Completed This April on Its 100%-Owned Novador Property Near Val-d’Or, Quebec

Probe Gold Inc. Provides the Results from the December 2023 Drill Program on Its 100%-Owned Croinor Gold Property Located Near Val-D'or, Quebec

Probe Gold Inc. Provides Summer Exploration Plans for Detour Quebec Properties

Probe Gold Inc. announced that it has received CAD 18.003589 million in funding

Probe Gold Inc. announced that it expects to receive CAD 15.00279 million in funding

New major risk - Revenue and earnings growth

Probe Gold Inc. Advances Environmental Permitting for Novador Project

Probe Gold Intersects 23.1 g/t Au over 3.1 Metres in Infill Drilling At the Monique Deposit, Novador Project, Quebec

New major risk - Financial position

Probe Gold Inc. (TSX:PRB) completed the acquisition of McKenzie and Beaufor Properties in Val-dOr, Quebec from Monarch Mining Corporation (OTCPK:GBAR.F) for CAD 7.9 million.

Probe Gold Inc., Annual General Meeting, Jun 11, 2024

Probe Gold Inc. Appoints Shannon McCrae to Its Board of Directors

Probe Gold Announces Updated PEA for Novador Project, Quebec

Probe Gold Inc. Provides New Results from its 2023 Drilling Program Completed on the La Peltrie Project

Probe Gold Inc. announced that it has received CAD 9.99988 million in funding

Probe Gold Inc. announced that it expects to receive CAD 9.99988 million in funding

New major risk - Financial position

Probe Gold Intersects 6.4 G/T Au (cut) over 18.3 Metres At the Monique Deposit, Novador Project, Quebec

Probe Gold Commences Drilling Program on Its Croinor Gold Property, Val-D'or, Quebec

New minor risk - Financial position

Probe Gold Inc. Commences Environmental Permitting for Novador Project

Probe Gold Inc. Provides the Second Set of Results from the 2023 Monique Drill Program on Its 100%-Owned Novador Property Located Near Val-D'or, Quebec

Price target decreased by 7.7% to CA$3.08

Less than half of directors are independent

Probe Gold Inc. Provides the First Set of Results from the 2023 Monique Deposit Drill Program on Its 100%-Owned Novador Property

Probe Gold Inc. (TSX:PRB) acquired Croinor Gold Property in Val-d’Or, Quebec, Canada from Monarch Mining Corporation for CAD 4.5 million.

Probe Gold Begins Summer Drilling Program on Its Detour Quebec Project