TD Securities Downgrades Entrée Resources (TSE:ETG) to Hold

Entrée Resources (TSE:ETG) (NYSE:EGI) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat.com reports. They currently have a C$2.00 price objective on the stock. TD Securities’ price target would indicate a potential upside of 1.01% from the stock’s current price.

Entrée Resources Stock Down 3.4 %

Shares of ETG opened at C$1.98 on Tuesday. Entrée Resources has a 52 week low of C$1.14 and a 52 week high of C$2.39. The stock has a market cap of C$402.67 million, a price-to-earnings ratio of -28.29 and a beta of 1.38. The business has a 50-day simple moving average of C$2.02 and a two-hundred day simple moving average of C$1.67.

About Entrée Resources

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.