Omai Gold Mines (CVE:OMG) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Omai Gold Mines (CVE:OMG – Get Free Report) had its price objective increased by equities researchers at Stifel Nicolaus from C$3.50 to C$4.25 in a report issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 39.80% from the stock’s current price.

Separately, Canadian Imperial Bank of Commerce set a C$4.50 target price on shares of Omai Gold Mines and gave the company an “outperformer” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$3.92.

Read Our Latest Report on Omai Gold Mines

Omai Gold Mines Stock Up 3.1%

Shares of Omai Gold Mines stock traded up C$0.09 on Thursday, hitting C$3.04. 994,756 shares of the company were exchanged, compared to its average volume of 1,363,039. The company has a 50-day moving average price of C$2.47 and a 200 day moving average price of C$2.24. The stock has a market capitalization of C$2.05 billion, a price-to-earnings ratio of -152.00 and a beta of 3.88. Omai Gold Mines has a 1-year low of C$0.86 and a 1-year high of C$3.16.

Omai Gold Mines Corp. is a materials company in the Gold industry.

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