What Kind Of Shareholders Hold The Majority In Artemis Gold Inc.'s (CVE:ARTG) Shares?

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If you want to know who really controls Artemis Gold Inc. (CVE:ARTG), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I will show you the outcome.

With a market capitalization of CA$925m, Artemis Gold is a small cap stock, so it might not be well known by many institutional investors. In the chart below, we can see that institutional investors have bought into the company. We can zoom in on the different ownership groups, to learn more about Artemis Gold.

See our latest analysis for Artemis Gold

ownership-breakdown
TSXV:ARTG Ownership Breakdown June 12th 2022

What Does The Institutional Ownership Tell Us About Artemis Gold?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors have a fair amount of stake in Artemis Gold. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Artemis Gold's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth
TSXV:ARTG Earnings and Revenue Growth June 12th 2022

We note that hedge funds don't have a meaningful investment in Artemis Gold. Our data shows that Ryan Beedie is the largest shareholder with 28% of shares outstanding. With 5.3% and 3.8% of the shares outstanding respectively, BlackRock, Inc. and Van Eck Associates Corporation are the second and third largest shareholders. In addition, we found that Steven Dean, the CEO has 3.6% of the shares allocated to their name.

On further inspection, we found that more than half the company's shares are owned by the top 8 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.