In a report released yesterday, Michael Siperco from RBC Capital maintained a Buy rating on Artemis Gold (ARGTF – Research Report), with a price target of C$20.00. The company’s shares closed yesterday at $11.79.

Siperco covers the Basic Materials sector, focusing on stocks such as Alamos Gold, Eldorado Gold, and New Gold. According to TipRanks, Siperco has an average return of 11.7% and a 51.39% success rate on recommended stocks.

Artemis Gold has an analyst consensus of Strong Buy, with a price target consensus of $14.38.

Based on Artemis Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $10.3 million. In comparison, last year the company had a GAAP net loss of $2.58 million

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARGTF in relation to earlier this year.