BidaskClub Upgrades Entree Resources Ltd (EGI) to Sell
Entree Resources Ltd (NYSEMKT:EGI) (TSE:ETG) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.
Shares of Entree Resources (EGI) opened at $0.49 on Friday. Entree Resources has a 52-week low of $0.21 and a 52-week high of $0.72.
An institutional investor recently raised its position in Entree Resources stock. Royal Bank of Canada grew its stake in shares of Entree Resources Ltd (NYSEMKT:EGI) (TSE:ETG) by 0.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,651,550 shares of the basic materials company’s stock after acquiring an additional 16,156 shares during the period. Royal Bank of Canada owned about 1.53% of Entree Resources worth $1,004,000 at the end of the most recent reporting period.
Entree Resources Company Profile
Entree Resources Ltd, formerly Entree Gold Inc, is a Canada-based mineral exploration company with a carried joint venture interest in copper-gold projects the Oyu Tolgoi project in Mongolia. The Entree/Oyu Tolgoi Joint Venture Property includes the Hugo North Extension and Heruga copper-gold deposits, as well as underexplored land package.
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