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Entrée Resources (TSE:ETG) Reaches New 52-Week High - Still a Buy?

Entrée Resources logo with Basic Materials background

Shares of Entrée Resources Ltd. (TSE:ETG - Get Free Report) NYSE: EGI reached a new 52-week high during trading on Friday . The company traded as high as C$2.51 and last traded at C$2.46, with a volume of 371668 shares traded. The stock had previously closed at C$2.31.

Analysts Set New Price Targets

Separately, TD Securities downgraded shares of Entrée Resources from a "buy" rating to a "hold" rating and set a C$2.00 price objective on the stock. in a report on Tuesday, November 19th.

Get Our Latest Analysis on Entrée Resources

Entrée Resources Stock Performance

The company's fifty day simple moving average is C$2.12 and its two-hundred day simple moving average is C$1.77. The stock has a market capitalization of C$508.43 million, a P/E ratio of -35.71 and a beta of 1.38.

Entrée Resources Company Profile

(Get Free Report)

Entrée Resources Ltd., a mining company, engages in the exploration, evaluation, and development of mineral property interests in Canada. Its principal asset is the Entrée/Oyu Tolgoi joint venture property comprising Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit located in Mongolia.

Further Reading

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