TD Cowen raises target for Artemis Gold stock to CAD 44.00

Published on 10/17/2026 at 20:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter output rose 14.00 percent to 69,546 ounces. Artemis Gold stock was CAD 39.73 on October 16, 2026, up 0.08 percent on TSXV.

Analyst view and production

TD Cowen lifted its Artemis Gold target to CAD 44.00 on September 28, 2026.
Blackwater produced 69,546 ounces in the third quarter of 2026, up 14.00 percent year over year.
Artemis Gold stock was CAD 39.73 at 4:00 p.m. ET on October 16, 2026, up 0.08 percent versus CAD 39.70.
The company had a CAD 9.3 billion market capitalization and a 17.05 price-to-earnings ratio.

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TD Cowen analyst Wayne Lam raised his target for Artemis Gold from CAD 39.00 to CAD 44.00 on September 28, 2026, while keeping a Hold rating, according to The Globe and Mail. The new target stood 10.75 percent above the CAD 39.73 last price. Artemis Gold stock was last at CAD 39.73 on October 16, 2026 at 4:00 p.m. ET on the TSXV, up 0.08 percent versus the prior close of CAD 39.70.

Blackwater production reaches 69,546 ounces

Artemis Gold reported 69,546 ounces of gold production from Blackwater in the third quarter of 2026, a 14.00 percent increase from the same quarter a year earlier, while Phase 1A of the expansion reached 77.00 percent completion. The figures were reported by Simply Wall St on October 16, 2026.

Stock stays below its yearly high

The TSXV share price sat within a CAD 29.13 to CAD 48.80 52-week range on October 16, 2026. At CAD 39.73, it was 18.59 percent below the high. Volume reached 258,207 shares, 4.68 percent above the 246,656-share average.

Valuation and the November results date

Artemis Gold had a CAD 9.3 billion market capitalization and a 17.05 price-to-earnings ratio on October 16, 2026. In the second quarter of 2026, revenue was CAD 433.6 million, up 88.00 percent year over year, while net income reached CAD 199.0 million, up 99.00 percent, according to Simply Wall St. The company is scheduled to release its third-quarter financial and operating results before markets open on November 4, 2026, according to Artemis Gold.

Comparison with peers

Artemis Gold: plus 0.08 percent, P/E 17.05, market capitalization CAD 9.3 billion

Wheaton Precious Metals (TSX, CAD): plus 0.44 percent, P/E 29.75, market capitalization CAD 86.2 billion

Barrick Mining (TSX, CAD): plus 0.31 percent, P/E 10.49, market capitalization CAD 95.0 billion

Trading status and investor calendar

The last completed TSXV session left Artemis Gold at CAD 39.73 on October 16, 2026 at 4:00 p.m. ET. The next dated company event is the third-quarter results release on November 4, 2026.