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

Omai Gold Mines (CVE:OMG) has been given a C$4.00 price objective by investment analysts at National Bank Financial in a note issued to investors on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 53.26% from the company’s previous close.

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

Omai Gold Mines Price Performance

OMG remained flat at C$2.61 on Monday. The company’s stock had a trading volume of 611,531 shares, compared to its average volume of 1,555,558. Omai Gold Mines has a 12-month low of C$1.02 and a 12-month high of C$3.16. The stock’s 50-day moving average is C$2.67 and its 200 day moving average is C$2.37. The firm has a market cap of C$1.77 billion, a PE ratio of -87.00 and a beta of 3.83.

Insider Activity 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 value of C$662,048.00. Following the transaction, the director owned 6,972,924 shares in the company, valued at C$18,966,353.28. This trade represents a 3.37% decrease in their position. Also, insider Jason Allen Ross Brewster sold 54,600 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$2.73, for a total transaction of C$149,058.00. Following the transaction, the insider directly owned 636,815 shares of the company’s stock, valued at approximately C$1,738,504.95. This represents a 7.90% decrease in their position. In the last three months, insiders have sold 350,000 shares of company stock worth $950,210.

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