TD Securities Boosts Entrée Resources (TSE:ETG) Price Target to C$1.60

Entrée Resources (TSE:ETGGet Rating) (NYSE:EGI) had its price target increased by equities research analysts at TD Securities from C$1.55 to C$1.60 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has a “speculative buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 44.14% from the company’s previous close.

Entrée Resources Stock Up 0.9 %

ETG traded up C$0.01 during trading on Thursday, hitting C$1.11. The company had a trading volume of 8,100 shares, compared to its average volume of 70,958. The firm’s 50-day moving average price is C$0.93 and its 200 day moving average price is C$0.88. Entrée Resources has a one year low of C$0.71 and a one year high of C$1.19. The company has a market capitalization of C$219.74 million and a PE ratio of -21.35.

Entrée Resources Company Profile

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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.

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