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Artemis Gold (ARTG) AI Stock Analysis
Artemis Gold
(TSXV:ARTG)
The score is driven primarily by a strong TTM financial inflection (high margins, strong returns, and positive free cash flow). Technicals are bullish but appear overextended (RSI/Stoch elevated), which tempers the rating. Valuation is reasonable but not clearly cheap, and the lack of dividend yield further limits support from income.
Artemis Gold (ARTG) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 5.97B
- Dividend Yield
- 0.14%
- Average Volume (3M)
- 254.03K
- Price to Earnings (P/E)
- 14.9
- Beta (1Y)
- 2.04
- Revenue Growth
- 411.07%
- EPS Growth
- 541.04%
- Country
- Canada
- Employees
- 439
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Artemis Gold Business Overview & Revenue Model
Company Description
Artemis Gold Inc. operates as a gold development firm, specializing in locating, acquiring, and advancing gold-focused assets. Its investment portfolio features a significant 32.3% equity ownership in Velocity Minerals Ltd., an entity dedicated to th...
Artemis Gold Financial Statement Overview
Summary
TTM results show a major profitability inflection with strong revenue scale (~1.39B), very high margins (~72% gross, ~39% net), and solid cash generation (operating cash flow ~666M; free cash flow ~269M). The main risk is sustainability given the sharp contrast to 2021–2024 (no revenue, losses/negative cash flow) and only moderate free-cash-flow conversion (~37% of net income).
Income Statement
88Very PositiveBalance Sheet
72PositiveCash Flow
80Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39B | 913.94M | 0 | 0 | 0 | 0 |
| Gross Profit | 1.01B | 668.98M | -1.10M | -987.00K | -412.00K | -341.00K |
| EBITDA | 1.01B | 614.57M | -16.19M | -12.80M | -12.29M | -9.78M |
| Net Income | 557.55M | 349.16M | -31.44M | -11.45M | -21.63M | -13.71M |
Balance Sheet | ||||||
| Total Assets | 2.92B | 2.47B | 1.71B | 1.12B | 656.75M | 469.79M |
| Cash, Cash Equivalents and Short-Term Investments | 194.13M | 181.36M | 28.28M | 156.59M | 194.09M | 132.48M |
| Total Debt | 584.73M | 593.31M | 610.09M | 164.84M | 1.71M | 1.24M |
| Total Liabilities | 1.59B | 1.46B | 1.12B | 539.42M | 79.32M | 50.46M |
| Stockholders Equity | 1.34B | 1.01B | 590.85M | 581.36M | 577.43M | 419.33M |
Cash Flow | ||||||
| Free Cash Flow | 268.55M | 122.88M | -491.59M | -401.34M | -102.97M | -89.37M |
| Operating Cash Flow | 666.12M | 524.25M | -8.81M | -4.92M | -6.05M | -5.73M |
| Investing Cash Flow | -457.94M | -401.37M | -453.09M | -421.98M | -96.79M | -79.66M |
| Financing Cash Flow | -89.66M | 9.44M | 333.59M | 389.40M | 165.58M | 164.90M |
Artemis Gold Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARTG, the sentiment is Negative. The current price of 35.74 is below the 20-day moving average (MA) of 38.38, below the 50-day MA of 40.05, and below the 200-day MA of 37.48, indicating a bearish trend. The MACD of -0.72 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 18.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ARTG.
Artemis Gold Peers Comparison
Overall Rating
TSE:TXG82Outperform
TSE:OGC78.1Outperform- TSE:ARTG75Outperform
TSE:BTO69Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:TXG | 82Outperform | CAD 5.85B | 6.97 | 25.62% | 0.98% | 75.86% | 161.88% |
| TSE:OGC | 78Outperform | CAD 7.49B | 6.75 | 37.64% | 1.23% | 55.87% | 135.78% |
| TSE:ARTG | 75Outperform | CAD 8.33B | 14.89 | 51.31% | 0.14% | 411.07% | 541.04% |
| TSE:BTO | 69Neutral | CAD 8.47B | 7.85 | 21.87% | 1.73% | 72.47% | ― |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:ARTG | Artemis Gold Inc | 35.74 | 1.21 | 3.49% | |
| TSE:BTO | B2Gold Corp. | 6.41 | 0.54 | 9.20% | |
| TSE:OGC | Oceanagold Corporation | 33.68 | 2.89 | 9.40% | |
| TSE:TXG | Torex Gold | 63.22 | 5.56 | 9.64% |
Artemis Gold Corporate Events
Artemis Gold Launches Indigenous Mining Scholarship Linked to Blackwater Mine
PositiveArtemis Gold and founder Steven Dean have launched the Blackwater Dean Family Indigenous Award in Mining, a scholarship program funding four years of post-secondary education for up to five Indigenous Grade 12 students annually in mining-related fiel...
Artemis Gold Q3 Output Rises as Blackwater Expansion Advances
PositiveArtemis Gold reported third-quarter 2026 production at its Blackwater Mine in British Columbia that was in line with guidance, with output rising 14% year over year to 69,546 ounces of gold and year-to-date production reaching 205,532 ounces. The min...
Artemis Gold Buys Vista Gold in All-Share Deal to Build Million-Ounce Producer
PositiveArtemis Gold has agreed to acquire Vista Gold in an all-share transaction valued at about US$427 million, adding the feasibility-stage Mt Todd gold project in Australia to its portfolio. Vista Gold shareholders will receive Artemis shares at a 29% pr...
Artemis Gold Reports Deep High-Grade Hits in Blackwater Expansion Drilling
PositiveArtemis Gold reported strong initial results from its 2026 resource expansion drilling program at the Blackwater deposit, including long intervals of high-grade gold mineralization below the current reserve pit. Two deep diamond drill holes, extendin...
Artemis Gold Issues Shares to Lhoosk’uz Dené Nation Under Blackwater Participation Deal
PositiveArtemis Gold will issue 500,000 common shares to the Lhoosk’uz Dené Nation under a participation agreement originally struck in 2019 with New Gold and later assumed by Artemis subsidiary BW Gold following the acquisition of the Blackwater...
Artemis Gold Posts Record Q2 Results and Launches First Dividend Amid Blackwater Expansion
PositiveArtemis Gold reported record second-quarter 2026 results, driven by gold production of 74,063 ounces and sales of 78,126 ounces, generating revenue of $433.6 million and adjusted EBITDA of $285.2 million. The company delivered strong profitability wi...
Artemis Gold Shareholders Back Board, Auditor and Incentive Plan at AGM
PositiveArtemis Gold Inc. reported that shareholders holding 70.65% of its outstanding shares were represented at its Annual General Meeting, where they approved all items on the agenda. Investors voted to fix the number of directors at eight, with all nomin...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 10, 2026