Petra Decher Acquires 75,000 Shares of Omai Gold Mines (CVE:OMG) Stock

Omai Gold Mines Corp. (CVE:OMG) insider Petra Decher acquired 75,000 shares of Omai Gold Mines stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average cost of C$2.66 per share, for a total transaction of C$199,500.00. Following the completion of the purchase, the insider directly owned 75,000 shares of the company’s stock, valued at C$199,500. This represents a ∞ increase in their ownership of the stock.

Omai Gold Mines Trading Up 2.3%

Shares of CVE OMG opened at C$2.70 on Thursday. The company has a market cap of C$1.83 billion, a price-to-earnings ratio of -90.00 and a beta of 3.83. Omai Gold Mines Corp. has a 12 month low of C$0.94 and a 12 month high of C$3.16. The stock has a 50-day moving average price of C$2.64 and a two-hundred day moving average price of C$2.34.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OMG shares. Stifel Nicolaus upped their price objective on shares of Omai Gold Mines from C$3.50 to C$4.25 in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce set a C$4.50 target price on shares of Omai Gold Mines and gave the stock an “outperformer” rating in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Omai Gold Mines presently has an average rating of “Buy” and a consensus price target of C$3.92.

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