TD Securities Lowers Entree Resources (TSE:ETG) Price Target to C$0.45

Entree Resources (TSE:ETG) (NYSE:EGI) had its target price lowered by TD Securities from C$0.65 to C$0.45 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Shares of TSE:ETG opened at C$0.34 on Wednesday. Entree Resources has a 1 year low of C$0.32 and a 1 year high of C$0.61. The stock has a market cap of $59.46 million and a price-to-earnings ratio of -12.14. The company’s 50 day simple moving average is C$0.41.

Entree Resources (TSE:ETG) (NYSE:EGI) last announced its earnings results on Tuesday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter.

In other Entree Resources news, insider SANDSTORM GOLD LTD. bought 816,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of C$0.45 per share, for a total transaction of C$367,200.00. Following the transaction, the insider now directly owns 32,043,880 shares of the company’s stock, valued at approximately C$14,419,746. Insiders have bought a total of 852,500 shares of company stock worth $383,495 in the last quarter.

Entree Resources Company Profile

Entrée Resources Ltd., an exploration stage company, engages in the exploration of mineral resource properties located in Mongolia, Peru, Australia, and Canada. Its principal property 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.

Further Reading: Current Ratio

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