Omai Gold Mines (CVE:OMG) Given a C$3.00 Price Target by National Bankshares Analysts

Omai Gold Mines (CVE:OMG) has been assigned a C$3.00 price objective by equities researchers at National Bankshares in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 75.44% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Cormark raised Omai Gold Mines to a “moderate buy” rating in a research note on Monday, December 8th. Stifel Nicolaus boosted their target price on Omai Gold Mines from C$1.40 to C$1.75 in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$2.38.

Omai Gold Mines Stock Performance

Shares of CVE:OMG traded up C$0.04 on Wednesday, hitting C$1.71. 1,512,107 shares of the company were exchanged, compared to its average volume of 969,510. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of -128.22 and a beta of 3.36. Omai Gold Mines has a one year low of C$0.31 and a one year high of C$1.73. The company’s 50 day moving average price is C$1.38 and its two-hundred day moving average price is C$1.13.