Stifel Nicolaus Boosts Omai Gold Mines (CVE:OMG) Price Target to C$1.75

Key Points

• Stifel Nicolaus has increased the price target for Omai Gold Mines from C$1.40 to C$1.75, suggesting a potential upside of 27.74% from the current price.
• The analysts at Stifel Canada have upgraded Omai Gold Mines to a strong-buy rating, contributing to a consensus rating of Strong Buy among analysts.
• Omai Gold Mines' stock is currently trading at C$1.37, with a notable 12-month high of C$1.41 and a market cap of C$842.04 million.

Omai Gold Mines (CVE:OMG - Get Free Report) had its target price boosted by analysts at Stifel Nicolaus from C$1.40 to C$1.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus' price target indicates a potential upside of 27.74% from the company's current price.

Separately, Stifel Canada upgraded shares of Omai Gold Mines to a "strong-buy" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus target price of C$1.75.

Omai Gold Mines Stock Performance

Shares of CVE:OMG remained flat at C$1.37 during midday trading on Tuesday. 857,246 shares of the stock traded hands, compared to its average volume of 939,924. The business has a 50-day moving average of C$0.93. Omai Gold Mines has a 12-month low of C$0.15 and a 12-month high of C$1.41. The firm has a market cap of C$842.04 million, a PE ratio of -68.50 and a beta of 1.95.

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