The Globe and Mail reports in its Tuesday, June 3, edition that RBC Dominion Securities analyst Harrison Reynolds has reaffirmed his "outperform" call for Artemis Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Reynolds jacked his share target up by $4 to $32. Analysts on average target the shares at $25.56. Mr. Reynolds says in a note: "Artemis Gold is ramping up Blackwater to be a best-in-class standalone producing asset in B.C., Canada. Following ramp-up that is in progress to 300koz/ year, there is further value to be unlocked via the acceleration of mill expansions that would increase production to more than 500koz/year by 2027. In our view, scalable production at high margins in a quality jurisdiction support multiple expansion to a premium valuation reflective of the scarcity value." The Globe reported on Oct. 11 that National Bank analysts continued to rate Artemis Gold "outperform." The shares could then be had for $13.75. The Globe reported on May 9 that RBC Dominion Securities analyst Michael Siperco had reiterated his "outperform" recommendation for Artemis Gold. The shares could then be had for $22.58.
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