Entree Resources Ltd (EGI) Rating Increased to Sell at BidaskClub

Entree Resources Ltd (NYSEMKT:EGI) (TSE:ETG) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Shares of Entree Resources (NYSEMKT EGI) opened at $0.49 on Friday. Entree Resources has a 12-month low of $0.21 and a 12-month high of $0.72.

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An institutional investor recently raised its position in Entree Resources stock. Royal Bank of Canada grew its holdings in shares of Entree Resources Ltd (NYSEMKT:EGI) (TSE:ETG) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,651,550 shares of the basic materials company’s stock after purchasing an additional 16,156 shares during the quarter. Royal Bank of Canada owned about 1.53% of Entree Resources worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

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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