Entrée Resources Reports Promising Drill Results from Hugo North Extension

Entree Gold ( (TSE:ETG) ) has issued an announcement.

Entrée Resources Ltd. has announced the results of its recent drilling activities at the Hugo North Extension deposit in Mongolia, revealing significant copper equivalent grades. The results, which include a surface drill hole grading 4.45% CuEq over 260 meters, underscore the potential for substantial mineralization at the site, potentially enhancing the company’s operational prospects and positioning within the mining sector.

The most recent analyst rating on (TSE:ETG) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Entree Gold stock, see the TSE:ETG Stock Forecast page.

Spark’s Take on TSE:ETG Stock

According to Spark, TipRanks’ AI Analyst, TSE:ETG is a Neutral.

Entree Gold’s stock score is significantly impacted by its precarious financial situation and poor valuation. However, positive corporate events and neutral technical indicators provide some optimism. The company needs to address financial challenges to improve its market position.

To see Spark’s full report on TSE:ETG stock, click here.

More about Entree Gold

Entrée Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in copper and gold mining, with significant operations in Mongolia through its joint venture with Oyu Tolgoi LLC.

Average Trading Volume: 86,483

Technical Sentiment Signal: Buy

Current Market Cap: C$477M

Find detailed analytics on ETG stock on TipRanks’ Stock Analysis page.