Omai Gold Mines (CVE:OMG) Trading Down 6.8% – Should You Sell?

Shares of Omai Gold Mines Corp. (CVE:OMG) were down 6.8% during trading on Thursday . The stock traded as low as C$1.23 and last traded at C$1.24. Approximately 911,689 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 1,032,824 shares. The stock had previously closed at C$1.33.

Analysts Set New Price Targets

Several equities analysts have recently commented on OMG shares. Stifel Nicolaus upped their price objective on shares of Omai Gold Mines from C$1.40 to C$1.75 in a report on Tuesday, September 30th. Stifel Canada upgraded shares of Omai Gold Mines to a “strong-buy” rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Omai Gold Mines presently has a consensus rating of “Strong Buy” and an average price target of C$1.75.

Omai Gold Mines Trading Down 6.8%

The company has a market capitalization of C$784.39 million, a price-to-earnings ratio of -62.00 and a beta of 2.09. The stock’s fifty day simple moving average is C$1.01 and its 200-day simple moving average is C$0.69.