Omai Gold Mines, the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst from Atrium Research maintained a Buy rating on the stock and has a C$1.60 price target.
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Atrium Research has given its Buy rating due to a combination of factors, primarily driven by Omai Gold Mines’ promising drill results and the potential for significant resource expansion. The company’s recent drilling campaign has revealed high-grade gold intersections over substantial widths in multiple areas, particularly at the Wenot site. These results suggest a potential doubling of the resource size at Wenot, which is a positive indicator for future production and profitability.
Atrium Research also notes the discovery of a new high-grade zone at East Wenot, which has not been extensively drilled before, indicating further upside potential. The ongoing drilling success and the planned update to the mineral resource estimate in early 2026, including the Gilt Creek deposit, reinforce the firm’s confidence in Omai’s growth prospects. As a result, Atrium maintains its Buy rating and a target price of $1.60 per share, reflecting the anticipated increase in resource size and the strategic advancements made by the company.
In another report released today, Cormark Securities also initiated coverage with a Buy rating on the stock with a C$2.50 price target.