Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.