Shares of Artemis Gold Inc. (OTCMKTS:ARGTF – Get Rating) have received a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.92.
Several analysts have commented on ARGTF shares. Scotiabank started coverage on shares of Artemis Gold in a report on Friday. They set an “outperform” rating on the stock. CIBC started coverage on shares of Artemis Gold in a report on Monday, March 14th. They set an “outperform” rating on the stock. National Bank Financial raised their target price on shares of Artemis Gold from C$11.00 to C$11.50 in a report on Friday, January 7th. Finally, Royal Bank of Canada started coverage on shares of Artemis Gold in a report on Tuesday, January 11th. They set an “outperform” rating on the stock.
ARGTF stock traded down $0.32 during mid-day trading on Friday, hitting $5.54. 7,461 shares of the company were exchanged, compared to its average volume of 14,061. The firm’s 50 day simple moving average is $5.46 and its 200 day simple moving average is $5.28. Artemis Gold has a 1-year low of $3.40 and a 1-year high of $6.23.
Artemis Gold Inc, a gold development company, focuses on the identification, acquisition, and development of gold properties. The company's asset portfolio includes a 32% equity interests in Velocity Minerals Ltd. that focuses on acquiring, exploring, and evaluating mineral resource properties in Bulgaria.
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