RE:RE:RE:"Price Target Cut to C$11/Share From $13.50 by PI Financial" Price Targets Summary according to MarketScreener.
9 Analysts covering ARTG.
Average Target Price: 8.084 USD or 11.20 CAD given current exchange rate of 1 CAD = 0.72 USD (ii.e., CAD is currently quite weak vs. USD).
Potential flies in the ointment:
1) I find analysts in general to be very unreliable as they are usually too bullish on any given name.re. price targets (gotta keep on the good side of the companies they follow if they want to get info from the company going forward).
2) I'm expecting a further hit to the stock market in general, including gold stocks, and since ARTG has suffered less of a reduction in share price %-wise than most other small / micro cap gold names, I have a hunch it will take a bigger hit,,deserved or not. Would not buy shares for any more than what the insiders paid a while back (4.50), but I'd like to see it fall closer to 4.00. If it doesn't happen, I'll probablly pass on it.