Artemis Gold resumed with a Buy at Stifel

Stifel analyst Stephen Soock resumed coverage of Artemis Gold with a Buy rating and C$11 price target. Noting that Artemis is mid-way through the construction of the open pit Blackwater Gold project in British Columbia – which will be “one of the largest gold assets in North America by production” when in production – the firm says the company is in a “strong liquidity position” and believes the stock will re-rate as the project is de-risked over the next 18 months.