22:09:55 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Artemis Gold Inc
Symbol ARTG
Shares Issued 198,714,588
Close 2024-02-07 C$ 7.10
Market Cap C$ 1,410,873,575
Recent Sedar Documents

Globe says Artemis Gold maintained at "outperform"

2024-02-07 07:57 ET - In the News

The Globe and Mail reports in its Wednesday, Feb. 7, edition that National Bank Financial analysts, ahead of the start of fourth quarter 2023 earnings season for Canadian precious metals companies, expect 2024 guidance will remain a focus of investors, pointing to "higher year-over-year variability and cost increases across the sector." The Globe's David Leeder writes that Artemis Gold is a top pick for the analysts. They rate Artemis Gold "outperform," with an unchanged share target of $9.25. Analysts on average target the shares at $11.10. Analyst Don DeMarco says in a note: "FCF inflection on deck, with Blackwater development led by an experienced COO, fully-financed, on time and on budget, with potential development tailwinds from a mild winter in 2023/24. Attractive economics from LOM production of 339k oz/year over 22 years from a sizable eight million ounce reserve endowment and visibility for elevated F5Y production (500k oz/year) upon accelerating phase 2. Tier One jurisdiction benefits accentuated as headwinds continue to increase in other jurisdictions and for non-permitted projects universally. Additionally, we flag high insider ownership (38 per cent) and M&A appeal as a single-asset producer."

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