Artemis Gold Inc (ARTG) Fair Value & Analysis
Basic Materials · CA · Market cap C$9.2B (≈ $6.7B) · ISIN CA04302L1004
What is Artemis Gold Inc really worth?
A solid business, but trading 92% above our fair value of C$21.85.
Strengths
Risks
Fair value as of: Aug 26, 2026
From 23 valuation models · updated 10 days ago
Share price +19.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (C$28.40). The favourable scenario is already priced in.
- The model range is unusually wide (C$10.18 to C$28.40). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.
How to read this chart
60‑month range C$3.55 – C$46.49 · fair‑value band C$10.18 – C$28.40 · the C$41.90 price screens above the C$21.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.
Analysis
Artemis Gold Inc (ARTG) currently trades at C$41.90, while our model-based Fair Value estimate is C$21.85, implying the stock looks roughly 91.8% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$21.85 per share, and 0 of the 23 models we run sit above the C$41.90 price. Bear case: the Asset-Based group reads lowest at C$2.91, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Artemis Gold Inc generated revenue of C$1.2B at a net margin of 38.6%. It earns a return on equity of 53.0%. Net debt stands at C$282M. The stock trades on a trailing P/E of 21.6. Fundamentals as of Aug 26, 2026
Our scenario range runs from C$10.18 (bear case) to C$28.40 (bull case); at C$41.90, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 78% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −50% fair-value upside, at −48%, ARTG screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$1.58 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 23 models by family
Widest divergence: Growth Earnings (C$21.85) versus Asset-Based (C$2.91). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Artemis Gold Inc. engages in the identification, acquisition, and development of gold properties in Canada. The company explores for gold and silver deposits. Its flagship asset is its 100% owned Blackwater Gold project, which consists of 328 mineral claims covering an area of 148,688 ha located in central British Columbia. Artemis Gold Inc.
Full company description
Artemis Gold Inc. engages in the identification, acquisition, and development of gold properties in Canada. The company explores for gold and silver deposits. Its flagship asset is its 100% owned Blackwater Gold project, which consists of 328 mineral claims covering an area of 148,688 ha located in central British Columbia. Artemis Gold Inc. was incorporated in 2019 and is headquartered in Vancouver, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Artemis Gold Inc reported revenue of C$914M in FY2025 versus C$0 in FY2021. Reported net income was C$349M in FY2025.
ARTG screens 92% overvalued. Compare with PT Amman Mineral Internasional Tbk →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Artemis Gold to Issue Shares under Participation Agreement
- Beedie Investments Ltd. Announces Filing of Updated Early Warning Report in Relation to Artemis Gold Ltd.
- Artemis Gold Reports Record Financial and Operating Results for Q2 2026
- Artemis Gold Reports AGM Voting Results
Peer Group
Other Precious Metals & Mining · 103 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Amman Mineral Internasional Tbk AMMN | 4,480 IDR | 1,021 IDR | −77% |
| Hecla Mining Company HL | $21.43 | $8.14 | −62% |
| Compañía de Minas Buenaventura S.A. BVN | $35.12 | $29.53 | −16% |
| Sibanye Stillwater Limited SBSW | $11.85 | $19.35 | +63% |
| China Gold International Resources Corp CGG | C$46.69 | C$25.63 | −45% |
| Triple Flag Precious Metals Corp TFPM | $32.25 | $16.03 | −50% |
| PT Merdeka Battery Materials Tbk. MBMA | 545.00 IDR | 82.43 IDR | −85% |
| Perpetua Resources Corp PPTA | C$34.90 | C$5.80 | −83% |
| Zhaojin International Gold Co 000506 | ¥19.06 | ¥2.84 | −85% |
| Sino-Platinum Metals Co 600459 | ¥21.30 | ¥13.23 | −38% |
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