After Stifel Nicolaus and BMO Capital gave Artemis Gold (Other OTC: ARGTF) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Kevin MacKenzie maintained a Buy rating on Artemis Gold yesterday and set a price target of C$13.00. The company’s shares closed last Tuesday at $5.00, close to its 52-week high of $5.63.
According to TipRanks.com, MacKenzie is a 4-star analyst with an average return of 21.9% and a 52.6% success rate. MacKenzie covers the Basic Materials sector, focusing on stocks such as Torex Gold Resources, Great Bear Resources, and Osisko Development.
Currently, the analyst consensus on Artemis Gold is a Strong Buy with an average price target of $8.81.
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The company has a one-year high of $5.63 and a one-year low of $0.86. Currently, Artemis Gold has an average volume of 25.85K.
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Artemis is a well-financed, growth oriented gold development company aimed at creating shareholder value through the identification, acquisition and development of gold properties in mining friendly jurisdictions.