Probe Gold (PRB) AI Stock Analysis

• Market Cap: C$742.56M
• Dividend Yield: N/A
• Average Volume (3M): 377.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: N/A
• EPS Growth: 18.96%
• Country: CA
• Employees: 27
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 203,998,900
• 10 Day Avg. Volume: 295,151
• 30 Day Avg. Volume: 377,536
• PEG Ratio: 0.97
• Price to Book (P/B): 15.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$3.65
• Price Target Upside: 0.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: C$4.00 ▲(9.89% Upside)

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.

Positive Factors

Successful Financing

The successful $45 million financing enhances Probe Metals' ability to fund exploration and development activities, strengthening its operational capabilities and market position in the gold mining industry.

Promising Exploration Results

High-grade drilling results at the Novador project support resource conversion and project development, enhancing the project's value and positioning it as a premier gold development opportunity.

Environmental Sustainability

Non-acid-generating waste rock and tailings reduce environmental risks and infrastructure costs, supporting sustainable mining practices and simplifying permitting processes.

Negative Factors

Lack of Revenue

The absence of revenue generation poses a significant challenge to financial stability and profitability, increasing reliance on external financing and impacting long-term viability.

Negative Cash Flows

Negative cash flows indicate potential liquidity concerns, as the company relies heavily on external funding to sustain operations, which could limit financial flexibility.

Consistent Losses

Ongoing net losses highlight the company's struggle to achieve profitability, which could hinder its ability to invest in growth opportunities and maintain financial health.

Probe Gold Business Overview & Revenue Model

Company Description

Probe Gold Inc., a precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. Its 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. The company was formerly known as Probe Metals Inc. and changed its name to Probe Gold Inc. in January 2023. Probe Gold Inc. was incorporated in 2015 and is headquartered in Toronto, Canada.

How the Company Makes Money

Probe Metals makes money through the exploration and development of its mineral properties, primarily gold. The company generates revenue by discovering and developing gold resources, which are then either sold to larger mining companies or developed into producing mines. Key revenue streams include the sale of exploration properties, joint ventures, and partnerships with other mining firms that provide funding in exchange for a stake in the projects. Probe Metals may also raise capital through stock offerings to fund its exploration activities. The company's earnings are largely dependent on the successful identification and development of economically viable gold deposits and favorable market conditions for gold.

Probe Gold Financial Statement Overview

Summary

Probe Metals is facing significant financial challenges, with no revenue generation and consistent losses across its income statement. While the balance sheet shows low leverage, the lack of profitability and negative cash flows highlight risks to financial sustainability. The company's reliance on external financing raises concerns about long-term viability without revenue growth.

Income Statement

Probe Metals has consistently reported zero revenue, leading to negative gross and net profit margins. The EBIT and EBITDA margins are also negative, indicating ongoing operational losses. The company has been unable to achieve revenue growth, posing a significant challenge to financial stability and profitability.

Balance Sheet

The balance sheet shows a moderate level of stability with a low debt-to-equity ratio, suggesting low leverage risk. However, the return on equity is negative due to ongoing net losses. The equity ratio indicates that a decent portion of the assets is financed by equity. The company's ability to maintain a solid equity base amidst losses is a positive sign.

Cash Flow

Operating and free cash flows are negative, reflecting cash outflows in operations. However, financing activities have been positive, suggesting reliance on external funding. The cash flow ratios to net income are unfavorable due to negative cash flows, indicating potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-157.24K	-222.35K	-231.57K	-215.99K	-805.98K	-154.31K
EBITDA	-23.14M	-24.37M	-25.09M	-29.61M	-11.86M	-14.34M
Net Income	-23.52M	-24.70M	-25.40M	-29.92M	-12.77M	-14.62M
Balance Sheet
Total Assets	48.19M	34.32M	34.32M	34.26M	34.88M	37.55M
Cash, Cash Equivalents and Short-Term Investments	39.51M	22.91M	26.00M	26.84M	32.71M	34.56M
Total Debt	335.73K	417.35K	513.43K	578.67K	397.10K	263.75K
Total Liabilities	12.58M	14.86M	8.64M	4.36M	3.90M	6.09M
Stockholders Equity	35.61M	19.45M	25.68M	29.90M	30.98M	31.46M
Cash Flow
Free Cash Flow	-28.91M	-18.78M	-24.44M	-34.53M	-12.97M	-14.66M
Operating Cash Flow	-28.87M	-18.77M	-24.42M	-34.38M	-12.94M	-14.51M
Investing Cash Flow	-1.33M	-851.37K	3.11M	-150.13K	1.12M	468.57K
Financing Cash Flow	41.35M	16.21M	22.98M	29.22M	9.95M	10.08M

Probe Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.64
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PRB, the sentiment is Neutral. The current price of 3.64 is below the 20-day moving average (MA) of 3.65, below the 50-day MA of 3.66, and above the 200-day MA of 2.72, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 25.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PRB.

Probe Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
THX	81 Outperform	C$939.87M	4.11	68.37%	2.78%	92.67%	207.16%
MKO	76 Outperform	C$781.34M	21.04	29.30%	―	45.36%	-14.35%
HSTR	72 Outperform	C$700.47M	8.12	―	―	―	―
PRB	65 Neutral	C$742.56M	-29.47	-81.62%	―	―	18.96%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FF	54 Neutral	C$710.18M	-24.23	-11.85%	―	―	50.54%
AMRQ	53 Neutral	C$996.84M	-41.51	-10.64%	―	―	54.00%

Probe Gold Corporate Events

Probe Gold Wins ISS and Glass Lewis Backing for C$780 Million Fresnillo Takeover

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.

Probe Gold Proposes Arrangement with Fresnillo, Offering Shareholders Premium Buyout

Probe Gold Inc. has announced the filing of a special meeting circular and received an interim order for a proposed plan of arrangement with Fresnillo. This arrangement involves the acquisition of all outstanding common shares by Fresnillo Quebec Acquisition Inc. for $3.65 per share, offering shareholders a significant premium and immediate liquidity. The board of directors recommends shareholders vote in favor of the arrangement, which is supported by major stakeholders, including Eldorado Gold Corporation. The transaction is backed by fairness opinions and guarantees from Fresnillo, ensuring credibility and financial stability.

The most recent analyst rating on (TSE:PRB) stock is a Hold with a C$3.65 price target. To see the full list of analyst forecasts on Probe Gold stock, see the TSE:PRB Stock Forecast page.

Fresnillo to Acquire Probe Gold in C$780 Million Deal

Probe Gold Inc. has entered into a definitive agreement to be acquired by Fresnillo plc for approximately C$780 million, offering a 39% premium on its closing share price. The acquisition is expected to provide immediate liquidity and certainty of value to Probe shareholders, while transferring the Novador project to an experienced operator with the expertise to advance it through permitting and construction.

The most recent analyst rating on (TSE:PRB) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Probe Metals stock, see the TSE:PRB Stock Forecast page.