Omai Gold Mines (CVE:OMG) Shares Up 3.9% – Still a Buy?

Omai Gold Mines Corp. (CVE:OMG) shares were up 3.9% during mid-day trading on Wednesday . The company traded as high as C$2.18 and last traded at C$2.15. Approximately 2,287,690 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 1,632,152 shares. The stock had previously closed at C$2.07.

Analyst Upgrades and Downgrades

OMG has been the topic of several research reports. Cormark upgraded Omai Gold Mines to a “moderate buy” rating in a report on Monday, December 8th. National Bank Financial set a C$3.00 price target on shares of Omai Gold Mines and gave the company an “outperform” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, Omai Gold Mines presently has an average rating of “Buy” and a consensus target price of C$2.38.

Omai Gold Mines Stock Performance

The stock has a market cap of C$1.37 billion, a P/E ratio of -161.22 and a beta of 3.62. The firm’s fifty day simple moving average is C$1.58 and its 200-day simple moving average is C$1.26.