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Entree Gold ( (TSE:ETG) ) has shared an announcement.
Entrée Resources Ltd. has provided an update on the transfer of its Shivee Tolgoi and Javkhlant mining licenses in Mongolia to its joint venture partner, Oyu Tolgoi LLC. The transfer is crucial for resuming development work at the Hugo North Extension deposit, which has been paused. The company is working with the Mongolian government to resolve outstanding issues, including tax assessments and state participation in the mining operations, to avoid economic losses for all stakeholders involved.
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 resources. The company is primarily involved in joint ventures for mining licenses in Mongolia, particularly with Oyu Tolgoi LLC.
Average Trading Volume: 71,227
Technical Sentiment Signal: Buy
Current Market Cap: C$472.9M
Learn more about ETG stock on TipRanks’ Stock Analysis page.