Omai Gold Mines (CVE:OMG) Price Target Raised to C$4.25

Omai Gold Mines (CVE:OMG) had its price objective upped by Stifel Nicolaus from C$3.50 to C$4.25 in a research report sent to investors on Thursday,BayStreet.CA reports.

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

Omai Gold Mines Price Performance

Shares of OMG stock opened at C$3.10 on Thursday. The company has a market capitalization of C$2.09 billion, a price-to-earnings ratio of -155.00 and a beta of 3.88. Omai Gold Mines has a 12-month low of C$0.86 and a 12-month high of C$3.16. The firm has a fifty day moving average of C$2.51 and a 200-day moving average of C$2.26.

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