Entree Gold (ETG) AI Stock Analysis

• Market Cap: C$579.83M
• Dividend Yield: N/A
• Average Volume (3M): 72.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: N/A
• EPS Growth: -41.18%
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 208,571,900
• 10 Day Avg. Volume: 122,849
• 30 Day Avg. Volume: 72,539
• PEG Ratio: 0.00
• Price to Book (P/B): -4.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -97.36K
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$3.00 ▲(9.09% Upside)

The score is held down primarily by very weak financial performance (no revenue, sizable losses, ongoing cash burn, and negative equity with rising debt). Technical indicators are moderately supportive (price above key moving averages, positive MACD, neutral RSI), but valuation is limited by a negative P/E and no dividend yield data.

Positive Factors

Diversified exploration footprint

Holding acreage across both gold and copper targets in Mongolia and the western U.S. provides geological and jurisdictional diversification. That structural optionality increases appeal to partners, spreads geological risk, and preserves multiple pathways to monetize discoveries over months to years.

Multiple financing and monetization options

A clear, multi-channel funding model—equity issues, asset sales/options, JV partner funding and potential royalties—reduces reliance on any single source. Structurally, this flexibility helps the company advance exploration without immediate production, limiting cash runway dependence over the medium term.

Lean operating footprint

A minimal headcount keeps fixed operating costs low, extending cash runway between financings and making it easier to fund project work via partner arrangements. For an exploration-stage company, a lean structure preserves capital and improves the ability to allocate funds to drilling and studies.

Negative Factors

No recurring operating revenue

The company reports no operating revenue across reported periods, meaning it cannot self-fund exploration or corporate overhead. Structurally this forces ongoing reliance on external capital or partners, raising execution risk and potential dilution over the next several funding cycles.

Negative shareholders' equity and thin asset base

A large accumulated deficit and negative equity (~- $106.6M) against a small asset base (~$9.7M) materially weakens balance-sheet flexibility. This structural imbalance heightens refinancing risk and likely increases the cost and dilution of future capital, constraining long-term project development.

Rising debt and persistent cash burn

Operating cash flow is negative (~-$1.9M TTM) while debt has risen (~$26.7M TTM), signaling dependence on external financing. Over the medium term this combination strains liquidity, limits strategic flexibility, and compels either asset sales, dilutive equity raises, or onerous financing terms to sustain exploration.

Entree Gold Business Overview & Revenue Model

Company Description

Entrée Resources Ltd., an exploration stage company, engages in the development and exploration of mineral property interests located in Mongolia, Peru, Australia, and Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold porphyry deposit and the Heruga copper-gold-molybdenum porphyry deposit located in Mongolia. The company was formerly known as Entrée Gold Inc. and changed its name to Entrée Resources Ltd. in May 2017. Entrée Resources Ltd. was incorporated in 1995 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Entrée Resources Ltd. generates revenue primarily through its interest in the Oyu Tolgoi project. The company holds a carried joint venture interest, meaning it shares in the profits derived from the mine's production without having to contribute to the operating costs. This arrangement allows Entrée to benefit from the copper and gold sales carried out by the operators of the Oyu Tolgoi mine. Additionally, Entrée invests in exploration activities to discover new mineral reserves, which can lead to increased asset value and potential future revenue streams. The company also engages in partnerships and agreements with other mining companies to explore and develop its other properties, which can result in additional income from joint ventures or asset sales.

Entree Gold Financial Statement Overview

Summary

Very weak fundamentals: no revenue across periods, persistent and volatile losses (TTM net loss ~-$6.4M), ongoing cash burn (TTM operating cash flow ~-$1.9M; negative free cash flow), and a stressed balance sheet with consistently negative equity (TTM ~-$106.6M) alongside rising debt (~$26.7M). These factors imply elevated financing/dilution risk.

Income Statement

The company reports no revenue across the annual periods and TTM (Trailing-Twelve-Months), indicating it is not yet operating at a commercial scale. Losses are persistent and sizable, with EBIT deteriorating to about -$0.8M in TTM (Trailing-Twelve-Months) and net income falling sharply to roughly -$6.4M in TTM versus near break-even in 2024. While 2024 shows a much smaller bottom-line loss, overall profitability remains structurally negative and highly volatile year to year.

Balance Sheet

The balance sheet is pressured by a large accumulated deficit: stockholders’ equity is negative in every period and worsened to about -$106.6M in TTM (Trailing-Twelve-Months). Debt has increased materially (to ~$26.7M in TTM from ~$16.3M in 2024) while total assets remain relatively small (~$9.7M in TTM), reflecting a thin asset base versus obligations. The negative equity position heightens financing and dilution risk, even though the debt-to-equity figure is not economically meaningful when equity is negative.

Cash Flow

Cash generation remains weak, with operating cash flow negative in most periods and deteriorating to about -$1.9M in TTM (Trailing-Twelve-Months). Free cash flow is also negative, implying ongoing cash burn that likely requires external funding. Although free cash flow growth is shown as improving in TTM, the underlying cash flow level is still meaningfully negative, and operating cash flow does not cover reported losses in a sustainable way.

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	-28.00K	0.00	0.00	-124.00K	-118.00K	-98.00K
EBITDA	-3.25M	-4.83M	-4.54M	-3.53M	-2.94M	-2.27M
Net Income	-4.90M	-14.32K	-9.58M	-9.06M	-7.55M	-6.00M
Balance Sheet
Total Assets	6.93M	3.69M	7.21M	7.49M	7.78M	7.96M
Cash, Cash Equivalents and Short-Term Investments	4.93M	2.39M	6.09M	6.41M	7.09M	7.26M
Total Debt	19.11M	16.28M	12.76M	11.69M	10.36M	9.82M
Total Liabilities	83.39M	75.00M	71.83M	65.03M	62.88M	58.17M
Stockholders Equity	-76.00M	-71.31M	-64.62M	-57.53M	-55.10M	-50.21M
Cash Flow
Free Cash Flow	-1.81M	-3.53K	-3.10M	-2.31M	-2.19M	-1.50M
Operating Cash Flow	-1.81M	-3.53K	-3.10M	-2.31M	-2.15M	-1.50M
Investing Cash Flow	0.00	0.00	0.00	0.00	-33.00K	0.00
Financing Cash Flow	4.04M	117.00	2.70M	1.86M	1.99M	3.23M

Entree Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.75
• 50DMA: Positive
• 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:ETG, the sentiment is Neutral. The current price of 2.75 is below the 20-day moving average (MA) of 2.85, above the 50-day MA of 2.48, and above the 200-day MA of 2.29, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 50.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ETG.

Entree Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TLO	55 Neutral	C$889.46M	-203.77	-1.05%	―	―	-20.83%
ERD	53 Neutral	C$498.09M	-36.46	-24.29%	―	―	-1422.76%
ETG	49 Neutral	C$579.83M	-28.25	―	―	―	-41.18%
NCX	49 Neutral	C$770.37M	-76.97	-31.51%	―	―	11.83%
EMO	42 Neutral	C$167.94M	-12.31	-46.38%	―	―	19.55%
REG	37 Underperform	C$647.81M	-183.63	-6.29%	―	―	-67.96%

Entree Gold Corporate Events

Entrée Resources Advances Mongolia JV License Talks Amid Parliamentary Review

Entrée Resources has provided an update on regulatory and negotiation developments affecting the Shivee Tolgoi and Javkhlant mining licenses in Mongolia, which underpin its joint venture interest in the Oyu Tolgoi project. A Mongolian Parliamentary Temporary Oversight Committee has completed public hearings into the State’s ownership and benefits from the Oyu Tolgoi deposits, including the joint venture license areas, and has reported its findings and a draft resolution that is now under further review by the Parliamentary Standing Committee on Economics. In parallel, a government working group led by the Minister of Industry and Mineral Resources has been formed to negotiate the State’s interest in the joint venture license areas, with Entrée having held a preliminary meeting in December and formal negotiations expected to start soon in collaboration with joint venture partner Oyu Tolgoi LLC. Entrée has also initiated an Administrative Court claim in Mongolia seeking review and confirmation of the tax valuation of the joint venture licenses, a prerequisite to completing their transfer to Oyu Tolgoi LLC, highlighting that regulatory and fiscal clarity over the licenses remains critical to advancing the project and securing State participation on mutually acceptable terms.

Entrée Resources Announces Board Changes Amid Strategic Focus on Oyu Tolgoi

Entrée Resources Ltd. announced the retirement of Dr. Michael Price from its Board of Directors, effective December 31, 2025, after more than seven years of service. Dr. Price’s departure marks the end of a significant tenure during which he contributed extensively to the company’s audit and technical committees. Chris Adams, a seasoned mining finance consultant, will join the board as an independent director starting January 1, 2026. Adams brings 35 years of industry experience, including significant roles in mining finance and investment banking. His appointment is expected to support Entrée’s ongoing efforts to address issues in Mongolia and advance the Oyu Tolgoi project.

Entrée Resources Reports Q3 2025 Results Amid Ongoing Mongolian Developments

Entrée Resources Ltd. has filed its third-quarter financial results for 2025, highlighting ongoing legal and operational developments in Mongolia. The company is working with Mongolian authorities to resolve tax and licensing issues related to the Oyu Tolgoi project. Additionally, Entrée is supporting government investigations into the project’s economic benefits and has paused underground development pending license transfers. The company is also conducting an extensive drilling program to enhance its geological model and anticipates an updated resource model in 2026.

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.