Omai Gold Mines (CVE:OMG) Shares Up 3.9% – Still a Buy?

Omai Gold Mines Corp. (CVE:OMG) shares traded up 3.9% on Wednesday . The stock traded as high as C$2.18 and last traded at C$2.15. 2,287,690 shares traded hands during trading, an increase of 40% from the average session volume of 1,632,152 shares. The stock had previously closed at C$2.07.

Analysts Set New Price Targets

Several brokerages have recently commented on OMG. Cormark upgraded shares of Omai Gold Mines to a “moderate buy” rating in a research report on Monday, December 8th. National Bank Financial set a C$3.00 price objective on shares of Omai Gold Mines and gave the company an “outperform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$2.38.

Omai Gold Mines Trading Up 3.9%

The firm has a market capitalization of C$1.37 billion, a price-to-earnings ratio of -161.22 and a beta of 3.62. The stock’s 50-day moving average is C$1.58 and its 200-day moving average is C$1.26.