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Entree Gold
(TSX:ETG)
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Rating:44Neutral
Price Target:
C$3.00
▲(20.00% Upside)
Action:Reiterated
Date:09/16/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, negative free cash flow, and a highly stressed balance sheet with deeply negative equity and rising debt). Technicals are mixed but lean soft with negative MACD and low RSI, offering limited momentum support. Valuation is also challenged by a negative P/E, and there is no dividend yield data to offset earnings weakness.
Positive Factors
Gold and Copper Exploration Focus
ETG has a defined strategic focus on gold and copper exploration, giving its technical work a consistent commodity orientation. Advancing targeted mineral properties can create future project value if geological studies support development or transactions, although the company remains exploration-stage.
Negative Factors
No Revenue and Persistent Losses
ETG has not yet established a revenue-generating operating business, while recurring losses remain substantial. This limits internal funding capacity and leaves future financial performance dependent on successful project advancement, asset monetization, or additional external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Gold and Copper Exploration Focus
ETG has a defined strategic focus on gold and copper exploration, giving its technical work a consistent commodity orientation. Advancing targeted mineral properties can create future project value if geological studies support development or transactions, although the company remains exploration-stage.
Read all positive factors
Entree Gold (ETG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$634.06M
Dividend YieldN/A
Average Volume (3M)76.53K
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue GrowthN/A
EPS Growth-7.35%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding208,571,900
10 Day Avg. Volume67,288
30 Day Avg. Volume76,531
Financial Highlights & Ratios
PEG Ratio1.70
Price to Book (P/B)-3.87
Price to Sales (P/S)0.00
P/FCF Ratio-138.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Entree Gold Business Overview & Revenue Model
Company Description
Entrée Resources Ltd. operates as an exploration-stage enterprise, focusing on the discovery and development of mineral properties across diverse regions including Mongolia, Peru, Australia, and Canada. Its most significant holding is the Entrée/O...
How the Company Makes Money
Entree Gold’s primary economic model is typical of an exploration-stage mining company: it seeks to create value by identifying and advancing mineral assets and then monetizing that value through transactions rather than through ongoing mine produ...
Entree Gold Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -110.95K | -114.98K | -118.00K | -115.00K | -124.00K | -118.00K |
| EBITDA | -4.14M | ― | -4.72M | -4.43M | -3.43M | -2.84M |
| Net Income | -9.28M | -12.41M | -14.32K | -9.58M | -9.06M | -7.55M |
Balance Sheet | ||||||
| Total Assets | 5.87M | 6.38M | 3.69M | 7.21M | 7.49M | 7.78M |
| Cash, Cash Equivalents and Short-Term Investments | 3.08M | 4.32M | 2.39M | 6.09M | 6.41M | 7.09M |
| Total Debt | 23.45M | 21.22M | 16.28M | 12.76M | 11.69M | 10.36M |
| Total Liabilities | 90.32M | 87.94M | 75.00M | 71.83M | 65.03M | 62.88M |
| Stockholders Equity | -84.44M | -81.56M | -71.31M | -64.62M | -57.53M | -55.10M |
Cash Flow | ||||||
| Free Cash Flow | -2.62M | -2.29M | -3.53K | -3.10M | -2.31M | -2.19M |
| Operating Cash Flow | -2.62M | -2.29M | -3.53K | -3.10M | -2.31M | -2.15M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -33.00K |
| Financing Cash Flow | 189.63K | 4.12M | 117.00 | 2.70M | 1.86M | 1.99M |
Entree Gold Technical Analysis
Positive
2.50
Price Trends
2.62
Positive
2.64
Positive
2.61
Positive
Market Momentum
0.10
Negative
66.04
Neutral
74.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETG, the sentiment is Positive. The current price of 2.5 is below the 20-day moving average (MA) of 2.80, below the 50-day MA of 2.62, and below the 200-day MA of 2.61, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 66.04 is Neutral, neither overbought nor oversold. The STOCH value of 74.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ETG.
Entree Gold Risk Analysis
Entree Gold disclosed 46 risk factors in its most recent earnings report. Entree Gold reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Entree Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$396.27M | 26.41 | 20.52% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$1.44B | 500.00 | 0.90% | ― | ― | ― | |
53 Neutral | C$1.20B | -45.07 | -27.24% | ― | ― | -97.05% | |
53 Neutral | C$624.65M | -223.87 | -3.92% | ― | ― | 40.46% | |
46 Neutral | C$111.23M | -7.76 | -20.67% | ― | ― | 4.74% | |
44 Neutral | C$634.06M | -30.76 | 17.71% | ― | ― | -7.35% |
* Basic Materials Sector Average
TSE:ETG
Entree Gold
3.03
0.66
27.85%
TSE:EMO
Emerita Resources
0.36
-1.26
-77.78%
TSE:ERD
Erdene Resources
6.04
-4.16
-40.78%
TSE:NCX
NorthIsle Copper and Gold
3.45
2.01
139.58%
TSE:REG
Regulus Resources
4.90
2.21
82.16%
TSE:TLO
Talon Metals
8.65
3.25
60.19%
Entree Gold Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Entrée Resources Faces Mongolian Tax Hurdles in Key Oyu Tolgoi License Transfer
Negative
Oct 6, 2026
Entrée Resources is working with its joint venture partner Oyu Tolgoi LLC and Mongolian authorities to transfer the Shivee Tolgoi and Javkhlant mining licenses, which are critical for proceeding with Lift 1 underground development at the Oyu ...
Business Operations and StrategyExecutive/Board Changes
Entrée Resources’ New CEO Drives Stakeholder Engagement and Board Refresh at Oyu Tolgoi
Positive
Sep 29, 2026
Entrée Resources’ new President and CEO, Chris Adams, has moved quickly since his July appointment to strengthen relationships with major shareholders, its joint venture partner at Oyu Tolgoi, and key stakeholders in Mongolia. His backg...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Entrée Resources Advances Licence Transfer and State Participation Talks at Oyu Tolgoi
Positive
Aug 11, 2026
Entrée Resources reported its second-quarter 2026 results while stressing near-term strategic priorities tied to its Mongolian assets and joint venture structure. The company is concentrating on transferring the Shivee Tolgoi and Javkhlant li...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.