Artemis Gold initiated with a Buy at TD Securities

TD Securities initiated coverage of Artemis Gold (ARGTF) with a Buy rating and C$20 price target First gold from the Blackwater project in British Columbia is “well-timed” given scarcity of large-scale assets in Tier I jurisdictions, says the analyst, who anticipates near-term caution around funding capacity through ramp up, but sees a longer term re-rating opportunity for “Canada’s newest gold producer.”