Entree Gold (TSE:ETG)
TSX:ETG
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Entree Gold
(TSX:ETG)
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Rating:46Neutral
Price Target:
C$2.50
▲(2.46% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses/cash burn, and negative equity with meaningful leverage risk). Technical indicators offer only modest support, while valuation is constrained by negative earnings and the absence of dividend yield.
Positive Factors
Asset-monetization JV business model
A business model that focuses on advancing exploration assets and monetizing via option or joint-venture deals reduces direct capital intensity and transfers exploration funding to partners. Structurally, this model provides optionality and a repeatable route to realize value without building and operating mines.
Negative Factors
Highly stressed balance sheet
Deep negative equity and rising debt against a tiny asset base signal weak financial resilience. Structurally, this limits access to non-dilutive financing, raises creditor risk, and constrains management’s ability to fund exploration or wait for favorable market windows without dilutive transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-monetization JV business model
A business model that focuses on advancing exploration assets and monetizing via option or joint-venture deals reduces direct capital intensity and transfers exploration funding to partners. Structurally, this model provides optionality and a repeatable route to realize value without building and operating mines.
Read all positive factors
Entree Gold (ETG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$513.09M
Dividend YieldN/A
Average Volume (3M)72.54K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth7.10%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding208,571,900
10 Day Avg. Volume122,849
30 Day Avg. Volume72,539
Financial Highlights & Ratios
PEG Ratio1.71
Price to Book (P/B)-3.87
Price to Sales (P/S)0.00
P/FCF Ratio-138.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 com...
How the Company Makes Money
Entree Gold’s revenue model is primarily tied to mineral asset advancement rather than recurring operating revenues from producing mines. The company typically seeks to create value (and potential future cash inflows) by (1) increasing the geologi...
Entree Gold Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -83.67K | -114.98K | 0.00 | 0.00 | -124.00K | -118.00K |
| EBITDA | -4.19M | ― | -4.83M | -4.54M | -3.53M | -2.94M |
| Net Income | -7.86M | -12.41M | -14.32K | -9.58M | -9.06M | -7.55M |
Balance Sheet | ||||||
| Total Assets | 5.52M | 6.38M | 3.69M | 7.21M | 7.49M | 7.78M |
| Cash, Cash Equivalents and Short-Term Investments | 3.46M | 4.32M | 2.39M | 6.09M | 6.41M | 7.09M |
| Total Debt | 21.64M | 21.22M | 16.28M | 12.76M | 11.69M | 10.36M |
| Total Liabilities | 88.63M | 87.94M | 75.00M | 71.83M | 65.03M | 62.88M |
| Stockholders Equity | -83.10M | -81.56M | -71.31M | -64.62M | -57.53M | -55.10M |
Cash Flow | ||||||
| Free Cash Flow | -2.54M | -2.29M | -3.53K | -3.10M | -2.31M | -2.19M |
| Operating Cash Flow | -2.54M | -2.29M | -3.53K | -3.10M | -2.31M | -2.15M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -33.00K |
| Financing Cash Flow | 49.13K | 4.12M | 117.00 | 2.70M | 1.86M | 1.99M |
Entree Gold Technical Analysis
Neutral
2.44
Price Trends
2.43
Positive
2.58
Negative
2.41
Positive
Market Momentum
<0.01
Positive
47.88
Neutral
23.08
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 2.44 is below the 20-day moving average (MA) of 2.49, above the 50-day MA of 2.43, and above the 200-day MA of 2.41, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 23.08 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$431.08M | 21.49 | 1.72% | ― | ― | ― | |
48 Neutral | C$485.86M | -118.64 | -5.64% | ― | ― | 3.45% | |
47 Neutral | C$938.73M | -28.80 | -47.15% | ― | ― | -21.97% | |
46 Neutral | C$513.09M | -31.50 | 13.55% | ― | ― | 7.10% | |
44 Neutral | C$96.40M | -13.99 | -23.71% | ― | ― | -17.08% | |
42 Neutral | C$1.02B | 103.41 | -0.57% | ― | ― | 28.16% |
* Basic Materials Sector Average
TSE:ETG
Entree Gold
2.46
0.12
5.13%
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Entree Gold Corporate Events
Business Operations and Strategy
Entrée Resources Advances Mongolian JV License Talks and Reports Strong Oyu Tolgoi Drill Results
Positive
Apr 9, 2026
Entrée Resources reported progress on efforts to transfer the Shivee Tolgoi and Javkhlant mining licenses from its Mongolian subsidiary to joint venture partner Oyu Tolgoi LLC, a key step to advance Lift 1 Panel 1 underground development at t...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Entrée Resources Faces Mongolian Oversight as Oyu Tolgoi Ramps Up Toward Major Copper Output
Neutral
Mar 5, 2026
Entrée Resources has reported its 2025 fiscal year results alongside an update on political and regulatory developments in Mongolia affecting its Oyu Tolgoi-linked licences. The Mongolian Parliament has formed a Temporary Oversight Committee ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.