Entree Gold (ETG) AI Stock Analysis

• Market Cap: C$502.66M
• Dividend Yield: N/A
• Average Volume (3M): 72.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• 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: 44 Neutral
• Price Target: C$2.50 ▲(9.17% Upside)

The score is primarily weighed down by very weak financial performance (no revenue, sizable losses, cash burn, and deeply negative equity with rising debt). Technical indicators are only modestly constructive and do not offset the fundamental and valuation risks implied by ongoing losses and lack of dividend support.

Positive Factors

Geographic Diversification of Assets

Entree holds exploration assets in both Mongolia and the western US, giving it geographic diversification across jurisdictions and mineral end-markets. This reduces single-country geopolitical and permitting exposure and preserves long-term optionality for partnerships or transactions across different regulatory regimes.

Multiple Monetization & Funding Pathways

The company’s business model emphasizes JV, partner-funded exploration, equity financings, and asset monetization. These structural funding options allow project advancement without immediate production, enabling resource definition and value crystallization while managing corporate cash requirements over the medium term.

Lean Corporate Cost Structure

A very small employee base implies low ongoing corporate overhead, which is durable for an exploration-stage firm. Lower fixed costs extend cash runway per financing and allow capital to be concentrated on drill programs or partner contributions rather than sustaining a large G&A burden.

Negative Factors

No Operating Revenue

Entree generates no recurring operating revenue and remains pre‑commercial, so it cannot self-fund exploration from operations. This structural reliance on external capital or asset sales raises execution risk and prolongs dependence on capital markets to sustain project advancement.

Negative Equity and Rising Debt

A materially negative equity position alongside rising debt and a small asset base constrains financing flexibility and increases the probability of dilutive equity raises or asset disposals. Structurally, this heightens solvency and stakeholder risk if commodity or funding conditions deteriorate.

Persistent Cash Burn and Weak Cash Generation

Operating and free cash flow are persistently negative, requiring ongoing external financing or asset monetization. Even with noted improvement in free cash flow growth, the absolute cash burn is a durable constraint on independently advancing projects and increases the likelihood of future financings.

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

Entree Gold faces severe financial challenges with no revenue, increasing losses, and negative equity. The financial instability is evident across income statements, balance sheets, and cash flows, posing significant risks.

Income Statement

Entree Gold has not reported any revenue over the reviewed period, leading to a lack of gross profit and negative net income. The EBIT and EBITDA margins are negative and worsening, indicating ongoing operational challenges. The lack of revenue growth is a significant concern for the company's income statement.

Balance Sheet

The balance sheet reveals a troubling financial position with negative stockholders' equity, indicating more liabilities than assets. The debt-to-equity ratio cannot be computed due to negative equity. The equity ratio is also negative, reflecting high leverage and financial instability. The company's balance sheet poses significant risks.

Cash Flow

Cash flows are negative across the board, with operating cash flow and free cash flow both significantly negative, indicating cash burn. The free cash flow growth rate is negative as well, showcasing deteriorating cash flow trends. The cash flow position is concerning and indicates financial strain.

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	-63.81K	0.00	0.00	-124.00K	-118.00K	-98.00K
EBITDA	-4.60M	-4.83M	-4.54M	-3.53M	-2.94M	-2.27M
Net Income	-6.39M	-14.32K	-9.58M	-9.06M	-7.55M	-6.00M
Balance Sheet
Total Assets	9.66M	3.69M	7.21M	7.49M	7.78M	7.96M
Cash, Cash Equivalents and Short-Term Investments	6.88M	2.39M	6.09M	6.41M	7.09M	7.26M
Total Debt	26.66M	16.28M	12.76M	11.69M	10.36M	9.82M
Total Liabilities	116.30M	75.00M	71.83M	65.03M	62.88M	58.17M
Stockholders Equity	-106.64M	-71.31M	-64.62M	-57.53M	-55.10M	-50.21M
Cash Flow
Free Cash Flow	-1.93M	-3.53K	-3.10M	-2.31M	-2.19M	-1.50M
Operating Cash Flow	-1.93M	-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	4.10M	117.00	2.70M	1.86M	1.99M	3.23M

Entree Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETG, the sentiment is Positive. The current price of 2.29 is above the 20-day moving average (MA) of 2.20, above the 50-day MA of 2.27, and above the 200-day MA of 2.22, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 59.38 is Neutral, neither overbought nor oversold. The STOCH value of 90.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$760.26M	-224.14	-1.05%	―	―	-20.83%
ERD	53 Neutral	C$537.42M	-39.49	-24.29%	―	―	-1422.76%
NCX	49 Neutral	C$904.60M	-90.38	-31.51%	―	―	11.83%
ETG	44 Neutral	C$502.66M	-23.98	―	―	―	-41.18%
EMO	42 Neutral	C$202.62M	-13.83	-46.38%	―	―	19.55%
REG	37 Underperform	C$515.70M	-118.79	-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.