PROBF (Probe Gold) 3-Year Share Buyback Ratio : -9.30% (As of Dec. 2024)

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What is Probe Gold 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Probe Gold's current 3-Year Share Buyback Ratio was -9.30%.

The historical rank and industry rank for Probe Gold's 3-Year Share Buyback Ratio or its related term are showing as below:

PROBF' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -46.9 Med: -12.5 Max: 18.7
Current: -9.3

During the past 13 years, Probe Gold's highest 3-Year Share Buyback Ratio was 18.70%. The lowest was -46.90%. And the median was -12.50%.

PROBF's 3-Year Share Buyback Ratio is ranked better than
65.16% of 2029 companies
in the Metals & Mining industry
Industry Median: -14.8 vs PROBF: -9.30

Competitive Comparison of Probe Gold's 3-Year Share Buyback Ratio

For the Gold subindustry, Probe Gold's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Probe Gold's 3-Year Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Probe Gold's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Probe Gold's 3-Year Share Buyback Ratio falls into.

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Probe Gold 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Probe Gold (OTCPK:PROBF) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Probe Gold 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Probe Gold's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Probe Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Probe Gold Inc (OTCPK:PROBF) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

V46:Germany PRB:Canada

Address

56 Temperance Street, Suite 1000, Toronto, ON, CAN, M5H 3V5

Website

https://www.probegold.com

Probe Gold Inc is a gold exploration company focused on the acquisition, exploration, and development of prospective gold properties. The company is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Novador Gold Project, Quebec. The Company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.