TD Securities Keeps a Hold Rating on Entree Gold

By Austin Angelo

Entree Gold (TSX: ETG), the Materials sector company was revisited on May 16, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold on May 16 from TD Securities’ analyst Craig Hutchison, with a C$0.60 price target.

Hutchison said:

“We have updated our estimates and target price for Entrée Resources Ltd. (formerly Entree Gold Inc.) to reflect the spin-out of its U.S.”

According to TipRanks.com, Hutchison is a 3-star analyst with an average return of 11.0% and a 46.2% success rate. Hutchison covers the Basic Materials sector, focusing on stocks such as Nevsun Resources Ltd, Taseko Mines Limited, and Turquoise Hill.

Entree Gold has an analyst consensus of Hold, with a price target consensus of C$0.60.

The company has a one year high of C$0.94 and a one year low of C$0.29. Currently, Entree Gold has an average volume of 70.77K.

Entrée Resources Ltd. is a mineral exploration company focuses on the exploration, development, and acquisition of base metal projects. It includes mining of gold and copper. The company operates through the following geographical segments: USA, Canada, Australia, Mongolia, and Other. Entrée Resources was founded by Cary Pinkowski on July 19, 1995 and is headquartered in Vancouver, Canada.

The company’s shares closed last Wednesday at $0.52.