Omai Gold Mines (CVE:OMG) Given New C$4.25 Price Target at Stifel Nicolaus

Omai Gold Mines (CVE:OMG) had its price objective lifted by Stifel Nicolaus from C$3.50 to C$4.25 in a note issued to investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 39.80% from the stock’s current price.

Separately, Canadian Imperial Bank of Commerce set a C$4.50 price objective on shares of Omai Gold Mines and gave the company an “outperformer” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$3.92.

Omai Gold Mines Stock Up 3.1%

CVE:OMG traded up C$0.09 on Thursday, reaching C$3.04. 994,756 shares of the company’s stock were exchanged, compared to its average volume of 1,363,039. The firm has a market capitalization of C$2.05 billion, a price-to-earnings ratio of -152.00 and a beta of 3.88. The business has a fifty day moving average of C$2.47 and a 200-day moving average of C$2.24. Omai Gold Mines has a 52-week low of C$0.86 and a 52-week high of C$3.16.

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