Omai Gold Mines (CVE:OMG – Get Free Report) has been given a C$4.50 target price by Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price would indicate a potential upside of 102.70% from the stock’s current price.
Omai Gold Mines Stock Down 1.3%
Shares of CVE:OMG traded down C$0.03 during midday trading on Monday, hitting C$2.22. The stock had a trading volume of 575,351 shares, compared to its average volume of 1,490,358. The company’s 50-day moving average price is C$2.42 and its 200-day moving average price is C$1.97. Omai Gold Mines has a fifty-two week low of C$0.53 and a fifty-two week high of C$2.84. The company has a market capitalization of C$1.50 billion, a P/E ratio of -111.00 and a beta of 3.62.
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