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

National Bank Financial set a C$4.00 price objective on Omai Gold Mines (CVE:OMG) in a report issued on Monday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

OMG has been the subject of several other research reports. Canadian Imperial Bank of Commerce set a C$4.50 price objective on Omai Gold Mines and gave the company an “outperformer” rating in a report on Monday, June 29th. Stifel Nicolaus boosted their target price on Omai Gold Mines from C$3.50 to C$4.25 in a research note on Thursday, August 20th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$4.25.

Omai Gold Mines Stock Down 7.5%

Shares of Omai Gold Mines stock opened at C$2.58 on Monday. The company has a market cap of C$1.75 billion, a P/E ratio of -86.00 and a beta of 3.83. Omai Gold Mines has a 52-week low of C$1.02 and a 52-week high of C$3.16. The firm’s 50 day moving average price is C$2.68 and its 200-day moving average price is C$2.38.

Insider Buying and Selling

In other Omai Gold Mines news, insider Jason Allen Ross Brewster sold 54,600 shares of Omai Gold Mines stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of C$2.73, for a total transaction of C$149,058.00. Following the completion of the sale, the insider directly owned 636,815 shares in the company, valued at approximately C$1,738,504.95. The trade was a 7.90% decrease in their position. Also, Director Elaine Ellingham sold 243,400 shares of the company’s 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 completion of the sale, the director directly owned 6,972,924 shares in the company, valued at C$18,966,353.28. This trade represents a 3.37% decrease in their ownership of the stock. In the last quarter, insiders have sold 350,000 shares of company stock worth $950,210.

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