Omai Gold Mines (CVE:OMG) Trading 0.7% Higher – Still a Buy?

Omai Gold Mines Corp. (CVE:OMG)’s stock price was up 0.7% during mid-day trading on Friday . The company traded as high as C$1.45 and last traded at C$1.45. Approximately 380,984 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 424,019 shares. The stock had previously closed at C$1.44.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OMG shares. Cormark upgraded Omai Gold Mines to a “moderate buy” rating in a report on Monday, December 8th. Stifel Nicolaus raised their target price on shares of Omai Gold Mines from C$1.40 to C$1.75 in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Omai Gold Mines has a consensus rating of “Buy” and a consensus price target of C$1.75.

Omai Gold Mines Stock Performance

The firm’s 50-day simple moving average is C$1.32 and its 200-day simple moving average is C$1.07. The company has a market capitalization of C$921.78 million, a price-to-earnings ratio of -108.73 and a beta of 3.36.