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

Entrée Resources Ltd. (TSE:ETG) (NYSE:EGI)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.74 and last traded at C$2.74, with a volume of 10529 shares traded. The stock had previously closed at C$2.67.

Analysts Set New Price Targets

Separately, TD Securities cut Entrée Resources from a “buy” rating to a “hold” rating and set a C$2.00 price target on the stock. in a research report on Tuesday, November 19th.

Entrée Resources Stock Up 2.6 %

The stock has a market cap of C$557.23 million, a P/E ratio of -39.14 and a beta of 1.38. The business’s 50-day simple moving average is C$2.27 and its two-hundred day simple moving average is C$1.90.

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.