Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 17 Jun, 26 | ARTG | Buy | CAD 37.24 | CAD 39.5 | CAD 41.0 | 1 day | Closed |
9.77%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Artemis Gold Inc. engages in the identification, acquisition, and development of gold properties in Canada. The company explores for gold and silver deposits. Its flagship asset is its 100% owned Blackwater Gold project, which consists of 328 mineral claims covering an area of 148,688 ha located in central British Columbia. Artemis Gold Inc. was incorporated in 2019 and is headquartered in Vancouver, Canada.
Higher Operating Margin: 67.8% in Q1 2026 vs 65.2% in Q1 2025
Higher EBITDA Margin: 71.9% in Q1 2026 vs 65.6% in Q1 2025
Lower Current Ratio: 0.87x in Q1 2026 vs 2.71x of Industry Median
Higher Debt to Equity Ratio: 0.52x in Q1 2026 vs 1.11x in Q1 2025
Regulatory risks, Trade tariffs, Inflationary pressures, Lower cash flows, etc.
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 37.24 | 33.6 | 39.5 | 41.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Decent Production Growth Pipeline: Artemis Gold is rapidly scaling production through the Blackwater Mine expansion strategy. The ongoing Phase 1A and EP2 projects are expected to increase annual gold production to more than 500,000 ounces by 2029, representing approximately 165% growth from 2025 levels. This provides a clear multi-year growth runway supported by existing assets rather than acquisitions.
Industry-Leading Low-Cost Operations: The company continues to operate with one of the lowest cost structures in the gold mining sector. Q1 2026 AISC was US$1,090/oz despite a temporary plant shutdown, while full-year guidance remains USD 925 - USD 1,025/oz. Low strip ratios, renewable hydroelectric power, and efficient mine design support sustainable cost advantages
Exceptional Profitability and Cash Margins: Artemis generated an AISC margin of USD 2,009/oz in Q1 2026, representing approximately 63% of cash revenue. The combination of decent gold prices and low operating costs allows the company to convert a large portion of revenue into operating cash flow and earnings.
Considering the expected valuation upside, decent liquidity, Self-funded growth, dividend initiation, future buybacks, large reserve potential, gold price leverage, decent profitability, BC mining jurisdiction, operational optimization, and key business risks, a 'Buy’ recommendation has been given on the stock at the last closing price of CAD 37.24, as on June 16, 2026.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Basic Materials Industry: Other Precious Metals & Mining
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ARTG Artemis Gold Inc |
0.06 0.18% | 32.75 | 26.36 | 15.55 | 9.89 | 8.93 | 10.36 | 15.40 |
| FMT Fuerte Metals Corporation. |
-0.19 1.95% | 9.56 | - | - | - | 8.88 | ||
| MTA Metalla Royalty & Streaming Ltd |
-0.81 7.71% | 9.70 | - | 36.10 | 72.68 | 2.54 | 61.44 | 399.21 |
| ITR Integra Resources Corp |
-0.16 4.28% | 3.58 | - | 5.51 | 3.41 | 3.44 | 2.45 | 15.52 |
| GSKR Goldsky Resources Corp. |
0.03 0.91% | 3.33 | - | - | - | 4.47 | -25.0066 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 17, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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