Key Points
- Insider sale: Jason Allen Ross Brewster sold 45,400 Omai Gold Mines shares at C$2.67 each for C$121,218, reducing his direct holdings by 6.16% to 691,415 shares. He also sold an additional 54,600 shares the following day for C$149,058.
- Stock performance: Omai Gold Mines opened at C$2.80, with a market capitalization of approximately C$1.89 billion. Its shares have traded between C$0.94 and C$3.16 over the past year and carry a beta of 3.83.
- Analyst outlook: Analysts maintain a consensus “Buy” rating with an average price target of C$3.92; recent targets include C$4.25 from Stifel Nicolaus and C$4.50 from Canadian Imperial Bank of Commerce.
Omai Gold Mines Corp. (CVE:OMG - Get Free Report) insider Jason Allen Ross Brewster sold 45,400 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$2.67, for a total transaction of C$121,218.00. Following the transaction, the insider directly owned 691,415 shares of the company's stock, valued at approximately C$1,846,078.05. This represents a 6.16% decrease in their position.
Jason Allen Ross Brewster also recently made the following trade(s):
- On Wednesday, September 9th, Jason Allen Ross Brewster sold 54,600 shares of Omai Gold Mines stock. The stock was sold at an average price of C$2.73, for a total value of C$149,058.00.
Omai Gold Mines Stock Performance
OMG stock opened at C$2.80 on Monday. The company's 50 day moving average is C$2.65 and its 200 day moving average is C$2.35. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of -93.33 and a beta of 3.83. Omai Gold Mines Corp. has a 1-year low of C$0.94 and a 1-year high of C$3.16.
Analysts Set New Price Targets
A number of equities analysts have commented on OMG shares. 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 increased their price objective on Omai Gold Mines from C$3.50 to C$4.25 in a research note on Thursday, August 20th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Omai Gold Mines has a consensus rating of "Buy" and a consensus target price of C$3.92.
Get Our Latest Research Report on OMG
Omai Gold Mines Corp. is a materials company in the Gold industry.
Further Reading
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