Entree Resources Ltd T.ETG

Alternate Symbol(s): ERLFF

Metals & Mining Copper

Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.

TSX:ETG - Post by User

Entree Resources Ltd

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Post by mrpancakeon Aug 17, 2020 11:16pm

171 Views

Post# 31421073

TD upgraded ETG from 35 cents to 50 cents target

Recommendation: HOLD
Risk: SPECULATIVE
12-Month Target Price: C$0.50
Prior: C$0.35

We are increasing our target price to $0.50 from $0.35 on a higher target
price multiple (0.4x versus 0.3x previously) reflecting industry wide multiple
expansion and greater clarity related to the timing for the start-up of OT.

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