Omai Gold Mines (CVE:OMG) Upgraded at Cormark

Cormark upgraded shares of Omai Gold Mines (CVE:OMG) to a moderate buy rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms have also recently commented on OMG. Stifel Nicolaus increased their price objective on Omai Gold Mines from C$1.40 to C$1.75 in a research report on Tuesday, September 30th. Stifel Canada upgraded shares of Omai Gold Mines to a “strong-buy” rating in a research note on Wednesday, August 27th. 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 currently has a consensus rating of “Buy” and an average price target of C$1.75.

Omai Gold Mines Price Performance

Shares of CVE OMG opened at C$1.41 on Monday. The stock has a market capitalization of C$896.35 million, a P/E ratio of -105.73 and a beta of 2.73. Omai Gold Mines has a one year low of C$0.20 and a one year high of C$1.42. The firm’s 50 day simple moving average is C$1.22 and its two-hundred day simple moving average is C$0.94.