Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Probe Gold ( (TSE:PRB) ) has issued an announcement.
Probe Gold said that leading proxy advisory firms Institutional Shareholder Services and Glass Lewis have both recommended that shareholders support the proposed cash acquisition of the company by Fresnillo, under which an indirect Fresnillo subsidiary would acquire all Probe shares for C$3.65 each, valuing the deal at about C$780 million and representing premiums of 39% and 26% over recent trading benchmarks. Probe’s board unanimously backs the transaction, arguing it is in the best interests of shareholders by providing immediate value, full liquidity and deal certainty, and, if approved at a special meeting on January 13, 2026 and all conditions are met, the company expects the deal to close in the first quarter of 2026, after which its shares would be delisted from the TSX and it would cease to be a reporting issuer in Canada.
The most recent analyst rating on (TSE:PRB) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Probe Gold stock, see the TSE:PRB Stock Forecast page.
Spark’s Take on TSE:PRB Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRB is a Neutral.
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and increased TTM cash burn) tempered by a strong balance sheet. Technicals are moderately supportive (uptrend with positive MACD and neutral RSI). The major positive offset is the announced acquisition/arrangement, which adds meaningful value certainty and liquidity, while valuation is difficult to support given negative earnings.
To see Spark’s full report on TSE:PRB stock, click here.
More about Probe Gold
Probe Gold Inc. is a Canadian gold exploration and development company listed on the Toronto Stock Exchange and OTCQB, focused on advancing precious metals projects in Quebec. The company operates in the mining and resources sector, positioning itself as a developer of gold assets attractive to larger international producers seeking growth through acquisition.
Average Trading Volume: 744,046
Technical Sentiment Signal: Buy
Current Market Cap: C$744.6M
See more insights into PRB stock on TipRanks’ Stock Analysis page.