Entree Gold (ETG) AI Stock Analysis

• Market Cap: $458.36M
• Dividend Yield: N/A
• Average Volume (3M): 78.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.69
• Revenue Growth: N/A
• EPS Growth: -11.70%
• Country: CA
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Mining
• EPS (TTM): -0.07
• Shares Outstanding: 207,400,940
• 10 Day Avg. Volume: 98,190
• 30 Day Avg. Volume: 78,865
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -128.90
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.00
• Price Target Upside: -9.65% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

Entree Gold's overall stock score is significantly impacted by its poor financial health, characterized by a lack of revenue and high leverage. While technical indicators reflect some positive momentum, the negative valuation metrics and absence of earnings call or corporate events data suggest caution. The company's financial struggles heavily weigh down its prospects, making it a high-risk investment.

Entree Gold Business Overview & Revenue Model

Company Description

Entrée Gold Inc. (ETG) is a Canadian mineral exploration company engaged primarily in the exploration and development of copper, gold, and molybdenum projects. The company is focused on projects in Mongolia, the United States, and Peru, with its flagship property being the Oyu Tolgoi project in Mongolia, a joint venture with Turquoise Hill Resources and Rio Tinto. Entrée Gold is committed to advancing its projects through exploration, development, and strategic partnerships to unlock value for its stakeholders.

How the Company Makes Money

Entrée Gold Inc. generates revenue through the exploration and development of mineral properties, primarily copper and gold. The company's main revenue stream is derived from its interest in the Oyu Tolgoi project, where it holds a joint venture interest. Revenues are primarily generated from the sale of mineral ores extracted from its mining operations. Additionally, Entrée Gold benefits from strategic partnerships and joint ventures with major mining companies, such as the partnership with Turquoise Hill Resources and Rio Tinto, which provide financial and operational support for the development of its mining projects. These collaborations also contribute to Entrée Gold's earnings through shared project development and production costs.

Entree Gold Financial Statement Overview

Summary

Entree Gold's financial statements reflect significant operational and financial difficulties, with no revenue generation and escalating losses. The highly leveraged balance sheet and negative cash flows point to sustainability challenges. Immediate attention to revenue generation and capital structure is essential to improve financial health.

Income Statement

The company has consistently reported zero revenue over the years, highlighting a lack of commercial operations. Increasing losses are observed, with net income deteriorating further, indicating significant operational challenges.

Balance Sheet

The company's balance sheet shows negative stockholders' equity, suggesting financial instability. High debt levels relative to equity pose significant leverage risks. The equity ratio is negative due to the negative equity, further emphasizing balance sheet concerns.

Cash Flow

Operating cash flows are consistently negative, reflecting continued cash burn. The company has managed to secure financing, but free cash flow remains negative, indicating a need for further capital to sustain operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-60.00K	0.00	-124.00K	-118.00K	-98.00K	-105.00K
	EBIT
-2.69M	-4.55K	-3.55M	-2.96M	-2.28M	-2.11M
	EBITDA
-5.42M	-4.54K	-8.04M	-7.10M	-5.76M	-5.42M
	Net Income Common Stockholders
-7.14M	-9.58K	-9.59M	-7.68M	-6.15M	-5.57M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.07M	6.09M	6.41M	7.09M	7.26M	5.38M
	Total Assets
7.43M	7.21M	7.49M	7.78M	7.96M	6.10M
	Total Debt
8.38M	12.76M	11.69M	10.36M	9.82M	9.34M
	Net Debt
2.23M	6.67M	5.28M	3.27M	2.56M	3.96M
	Total Liabilities
47.18M	71.83M	65.03M	62.88M	58.17M	53.08M
	Stockholders Equity
-39.75M	-64.62M	-57.53M	-55.10M	-50.21M	-46.98M
Cash Flow		Free Cash Flow
-3.63M	-3.10M	-2.31M	-2.19M	-1.50M	-1.82M
	Operating Cash Flow
-3.63M	-3.10M	-2.31M	-2.15M	-1.50M	-1.82M
	Investing Cash Flow
0.00	0.00	0.00	-33.00K	0.00	1.03M
	Financing Cash Flow
1.75M	2.70M	1.86M	1.99M	3.23M	-34.00K

Entree Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ETG, the sentiment is Negative. The current price of 2.21 is below the 20-day moving average (MA) of 2.44, below the 50-day MA of 2.52, and above the 200-day MA of 1.96, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 34.12 is Neutral, neither overbought nor oversold. The STOCH value of 35.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ETG.

Entree Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ELD	74 Outperform	$4.26B	10.69	8.12%	―	27.29%	―
NGD	66 Neutral	$3.43B	24.62	11.14%	―	18.32%	―
IVN	50 Neutral	$18.38B	58.13	5.25%	―	―	-33.54%
Sector *	46 Neutral	$2.64B	-3.89	-29.36%	3.33%	2.89%	-29.66%
RIO	40 Underperform	C$312.45M	―	-17.85%	―	―	-92.22%
SEA	38 Underperform	$1.59B	―	-1.59%	―	―	63.45%
ETG	30 Underperform	$458.36M	―	0.01%	―	―	-11.70%

Entree Gold Corporate Events

Entrée Resources Secures C$5.7 Million in Private Placement to Advance Oyu Tolgoi Venture

Entrée Resources Ltd. has completed a non-brokered private placement raising C$5.7 million, issuing 2,577,700 units. The proceeds will fund corporate purposes, including implementing an arbitration award related to its joint venture with Oyu Tolgoi LLC and supporting ongoing discussions with project stakeholders. Horizon Copper Corp., a major shareholder, participated significantly in the financing.

Entrée Resources Announces C$5.7M Private Placement to Support Strategic Objectives

Entrée Resources Ltd. announced a non-brokered private placement of up to 2,577,700 units at C$2.21 per unit, aiming to raise up to C$5,696,717. The proceeds will support general corporate purposes, including implementing a partial final arbitration award related to a dispute with its joint venture partner Oyu Tolgoi LLC and continuing discussions with project stakeholders. The private placement is expected to close in the first quarter of 2025, pending regulatory approvals, with Horizon Copper Corp., a significant shareholder, participating to maintain its stake.

Entrée Resources Wins Key Arbitration Decision

Entrée Resources Ltd. has emerged victorious in a significant arbitration decision against joint venture partners Oyu Tolgoi LLC and Turquoise Hill Resources, securing key obligations related to the Oyu Tolgoi project in Mongolia. This ruling brings certainty for stakeholders as the company continues its development efforts on the project.

Entrée Resources Highlights Q3 Progress at Oyu Tolgoi

Entrée Resources Ltd. has reported its third-quarter 2024 financial results, highlighting progress at the Oyu Tolgoi project in Mongolia, where significant development milestones are being achieved. The company has commenced underground development work on the Entrée/Oyu Tolgoi JV Property, marking a key step in its strategic mining operations.

Entrée Resources Unveils Promising Drilling Results

Entrée Resources Ltd. has announced promising results from its 2023 drilling program at the Hugo North Extension deposit in Mongolia, revealing significant copper and gold mineralization. The results showcase high copper equivalent grades in both surface and underground drill holes, reinforcing the potential of the Hugo North Extension as a leading copper-gold deposit. These developments point towards the possibility of future resource expansion and increased investor interest.