Omai Gold Mines (CVE:OMG) PT Set at C$3.00 by National Bankshares

Omai Gold Mines (CVE:OMG) has been given a C$3.00 price target by analysts at National Bankshares in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 75.44% from the company’s previous close.

A number of other research firms have also recently commented on OMG. Cormark raised Omai Gold Mines to a “moderate buy” rating in a research note on Monday, December 8th. Stifel Nicolaus raised their target price on 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 three have issued a Buy rating to the company. Based on data from MarketBeat.com, Omai Gold Mines has an average rating of “Buy” and an average price target of C$2.38.

Omai Gold Mines Price Performance

Shares of CVE:OMG traded up C$0.04 during mid-day trading on Wednesday, reaching C$1.71. 1,512,107 shares of the company traded hands, compared to its average volume of 969,510. The firm has a market cap of C$1.09 billion, a PE ratio of -128.22 and a beta of 3.36. The company’s 50 day moving average price is C$1.38 and its 200-day moving average price is C$1.13. Omai Gold Mines has a 52 week low of C$0.31 and a 52 week high of C$1.73.