Artemis Gold (ARTG) AI Stock Analysis

• Market Cap: $3.89B
• Dividend Yield: N/A
• Average Volume (3M): 289.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.39
• Revenue Growth: N/A
• EPS Growth: -154.04%
• Country: CA
• Employees: 439
• Sector: Basic Materials
• Sector Strength: 52
• Industry: Gold
• EPS (TTM): -0.15
• Shares Outstanding: 225,633,640
• 10 Day Avg. Volume: 377,316
• 30 Day Avg. Volume: 289,349
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -674.40
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$21.51
• Price Target Upside: 34.33% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

Artemis Gold's overall stock score reflects a balance between significant operational progress and financial challenges. The company is advancing well with its Blackwater Mine operations, showing technical momentum and potential for future growth. However, substantial financial risks due to high leverage, negative cash flow, and lack of revenue limit current valuation attractiveness. Investors may find the stock appealing based on its growth prospects, but should be cautious of the financial uncertainties.

Positive Factors

Long-term Potential

Analyst recommends buying the stock as it is considered a patient endeavor, suggesting long-term potential.

Strategic Growth

Acquiring a small but accretive Montney royalty suggests strategic growth.

Negative Factors

Uncertainty

A hold recommendation is given, with the year being described as make or break, indicating uncertainty.

Artemis Gold Business Overview & Revenue Model

Company Description

Artemis Gold Inc. is a Canadian-based mining company primarily engaged in the exploration and development of gold mining projects. The company focuses on identifying, acquiring, and advancing gold properties with the potential to become significant gold production assets. Artemis Gold's flagship project is the Blackwater Gold Project located in British Columbia, Canada, which is one of the largest undeveloped gold deposits in the country.

How the Company Makes Money

Artemis Gold makes money through the exploration and development of its gold mining assets, with a primary focus on its Blackwater Gold Project. Revenue is generated mainly from the extraction and sale of gold once the project transitions into production. The company invests in the exploration and development phases to increase the value of its assets, which can also contribute to its earnings through potential asset sales or joint ventures with other mining companies. Artemis Gold's revenue model is heavily reliant on the successful advancement of its projects to production-ready status, and it may engage in financing activities to fund its development efforts. Strategic partnerships or joint venture agreements with other mining entities can also play a role in providing the capital and expertise needed to bring its projects to fruition.

Artemis Gold Financial Statement Overview

Summary

Artemis Gold faces significant financial challenges typical of early-stage mining companies. The income statement shows consistent net losses with zero revenue, indicating high operational costs. The balance sheet reveals a high debt-to-equity ratio, posing financial risks, though a reasonable equity base exists. Cash flow is negative, reflecting cash outflows exceeding inflows, highlighting sustainability concerns without revenue generation.

Income Statement

Artemis Gold's income statement reveals significant challenges with consistent net losses over the years. The company reports zero revenue, which is typical in early-stage mining operations focusing on exploration and development. Gross profit and net income continue to be negative, indicating ongoing operational inefficiencies and high costs relative to nonexistent revenue.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.03 in the TTM period, reflecting increased leverage that could pose financial risks. However, the company has maintained a reasonable equity base, with stockholders' equity representing 34.6% of total assets, indicating some level of financial stability.

Cash Flow

The cash flow statement highlights a challenging scenario with negative free cash flow and operating cash flow, indicating cash outflows exceed inflows, typical for companies in the development phase. The significant reliance on financing activities suggests potential sustainability concerns in the absence of revenue generation.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-743.78K	-987.37K	-412.25K	-340.64K	-167.48K	-39.99K
	EBIT
-17.50M	-13.98M	-13.12M	-10.72M	-6.51M	5.09M
	EBITDA
-30.51M	-12.66M	-12.60M	-10.07M	-5.92M	-1.57M
	Net Income Common Stockholders
-31.44M	-11.45M	-32.16M	-13.09M	-3.93M	6.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
28.28M	156.59M	194.09M	132.48M	55.84M	31.81M
	Total Assets
1.71B	1.12B	656.75M	469.79M	352.67M	51.07M
	Total Debt
610.09M	164.84M	1.71M	1.24M	846.64K	937.14K
	Net Debt
581.82M	8.25M	-192.38M	-130.12M	-51.00M	-30.57M
	Total Liabilities
1.12B	539.42M	79.32M	50.46M	93.44M	2.15M
	Stockholders Equity
590.85M	581.36M	577.43M	419.33M	259.24M	48.92M
Cash Flow		Free Cash Flow
-488.31M	-401.34M	-102.97M	-89.37M	-148.98M	-910.36K
	Operating Cash Flow
-5.54M	-4.92M	-6.05M	-5.73M	-4.13M	-784.42K
	Investing Cash Flow
-454.87M	-421.98M	-96.79M	-79.66M	-149.68M	-9.25M
	Financing Cash Flow
333.59M	389.40M	165.58M	164.90M	174.16M	41.53M

Artemis Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.01
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 16.01 is below the 20-day moving average (MA) of 16.88, below the 50-day MA of 16.46, and above the 200-day MA of 13.96, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 60.15 is Neutral, neither overbought nor oversold. The STOCH value of 67.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ARTG.

Artemis Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$2.69B	17.70	26.82%	―	77.93%	236.93%
WDO	78 Outperform	C$2.35B	17.37	27.15%	―	67.54%	―
ARTG	55 Neutral	$3.89B	―	-5.39%	―	―	-154.04%
Sector *	47 Neutral	$2.43B	-2.83	-21.77%	3.74%	4.16%	-28.83%
SEA	38 Underperform	C$1.41B	―	-3.92%	―	―	1.89%
NVO	36 Underperform	C$33.69M	―	-145.85%	―	―	―

Artemis Gold Corporate Events

Artemis Gold Files 2024 Financial Results, Advances Blackwater Mine Operations

Artemis Gold Inc. has announced the filing of its annual financial results for the year ending December 31, 2024. The company has made its consolidated financial statements and management’s discussion and analysis available on SEDAR+ and its website. This announcement marks a significant step in the company’s operations as it continues to ramp up production at the Blackwater Mine, which is expected to enhance its market positioning and provide value to stakeholders.

Artemis Gold Grants Stock Options and Share Units to Support Growth

Artemis Gold has announced the granting of 1,110,200 incentive stock options, 495,500 restricted share units, and 20,400 deferred share units to its directors, officers, and employees as part of its annual long-term incentive plan. This move aligns with the company’s regular compensation cycle and supports its operations as it ramps up production at the Blackwater Mine, reinforcing its position in the gold development industry.

Artemis Gold Advances Blackwater Mine Ramp-up

Artemis Gold Inc. has announced progress in ramping up operations at the Blackwater Mine, following the first gold and silver pour in January 2025. The company has exceeded nameplate capacity in its crushing circuit and achieved significant throughput in its ball mill. With the commissioning of a third production excavator and full staffing of operational roles, Artemis is on track to reach commercial production by Q2 2025, enhancing their positioning in the gold mining industry.

Artemis Gold Achieves First Pour at Blackwater Mine

Artemis Gold has successfully completed its first pour of gold and silver at the Blackwater Mine, marking a significant milestone in the commissioning phase. The crushing and milling circuits are performing well, and the company anticipates reaching commercial production by the second quarter of 2025, which could enhance its position in the gold mining industry.

Artemis Gold Advances Blackwater Mine with Ore Processing Start

Artemis Gold has commenced processing ore at its Blackwater Mine, advancing the commissioning of its grinding circuit. The company targets its first gold pour in January 2025, marking a significant milestone for the project, which represents a major investment in central British Columbia. This development is crucial for the company’s operational growth and could enhance its industry positioning, potentially benefiting stakeholders through increased shareholder value.