Omai Gold Mines (CVE:OMG) Given a C$4.50 Price Target at Canadian Imperial Bank of Commerce

Omai Gold Mines (CVE:OMG) has been assigned a C$4.50 target price by investment analysts at Canadian Imperial Bank of Commerce in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 102.70% from the stock’s previous close.

Omai Gold Mines Price Performance

OMG stock traded down C$0.03 during midday trading on Monday, reaching C$2.22. 575,351 shares of the company were exchanged, compared to its average volume of 1,490,358. The business has a 50-day moving average price of C$2.42 and a two-hundred day moving average price of C$1.97. The firm has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -111.00 and a beta of 3.62. Omai Gold Mines has a one year low of C$0.53 and a one year high of C$2.84.