Omai Gold Mines (CVE:OMG) Given a C$4.00 Price Target by National Bank Financial Analysts

Omai Gold Mines (CVE:OMG – Get Free Report) received a C$4.00 target price from research analysts at National Bank Financial in a note issued to investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 53.26% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus lifted their price objective on Omai Gold Mines from C$3.50 to C$4.25 in a report on Thursday, August 20th. Canadian Imperial Bank of Commerce set a C$4.50 price target on shares of Omai Gold Mines and gave the stock an “outperformer” rating in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$4.25.

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Omai Gold Mines Stock Performance

OMG stock remained flat at C$2.61 during midday trading on Monday. The company had a trading volume of 611,531 shares, compared to its average volume of 1,555,558. The business has a 50 day simple moving average of C$2.67 and a 200-day simple moving average of C$2.37. Omai Gold Mines has a fifty-two week low of C$1.02 and a fifty-two week high of C$3.16. The stock has a market capitalization of C$1.77 billion, a P/E ratio of -87.00 and a beta of 3.83.

Insider Transactions at Omai Gold Mines

In related news, Director Elaine Ellingham sold 243,400 shares of Omai Gold Mines stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$2.72, for a total transaction of C$662,048.00. Following the transaction, the director owned 6,972,924 shares in the company, valued at approximately C$18,966,353.28. The trade was a 3.37% decrease in their position. Also, insider Petra Decher purchased 75,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average cost of C$2.66 per share, for a total transaction of C$199,500.00. Following the completion of the acquisition, the insider owned 75,000 shares in the company, valued at C$199,500. This represents a ∞ increase in their position. Insiders sold a total of 350,000 shares of company stock valued at $950,210 over the last three months.

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

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