19:13:24 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Artemis Gold Inc
Symbol ARTG
Shares Issued 122,530,381
Close 2020-09-10 C$ 6.60
Market Cap C$ 808,700,515
Recent Sedar Documents

Globe says new coverage rates Artemis "speculative buy"

2020-09-11 07:55 ET - In the News

The Globe and Mail reports in its Friday, Sept. 11, edition that Canaccord Genuity analyst Kevin MacKenzie says Artemis Gold ($6.60) is "a developer that checks all of the boxes." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacKenzie began coverage on Artemis with a "speculative buy" rating and $13 share target. Analysts on average target the shares at $10. Artemis is focused on advancing into production its 100-per-cent-owned Blackwater project in B.C. Mr. MacKenzie notes Blackwater is located in a "top-tier" mining jurisdiction. Mr. MacKenzie says in a note: "We would expect that Blackwater would be squarely on the radar of many of the industry's mid-tier to senior producers in terms of development-stage M&A. That said, we fully expect that Artemis will look to further unlock the value of Blackwater by advancing the project through construction and into production. As such, and as was the case with Atlantic Gold, we do not expect that Artemis will be acquired preproduction. Notwithstanding a significant bid premium to our target, we believe that this outlook is underscored by management and the board's 42-per-cent interest in the company."

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