Omai Gold Mines (TSE:OMG)
:OMG
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Omai Gold Mines
(OMG)
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Rating:50Neutral
Price Target:
C$2.00
▼(-14.89% Downside)
Action:Reiterated
Date:06/01/26
The score is held back primarily by weak financial performance—no revenue, widening losses, and ongoing cash burn that likely increases external funding dependence. Technicals are supportive with a clear uptrend and positive momentum, but valuation is constrained by negative earnings and no dividend support.
Positive Factors
Near-zero debt / low leverage
Near-zero debt materially lowers solvency and refinancing risk over the medium term, giving management flexibility to pursue project development or structured financing. This durable capital-structure strength reduces liquidity strain during prolonged pre-revenue periods.
Negative Factors
Pre-revenue status with widening losses
Zero revenue and materially widening net losses create a structural challenge: no internal cash generation to fund operations or project work. Over months this elevates dilution risk, constrains reinvestment, and undermines a sustainable path to profitability without clear development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero debt / low leverage
Near-zero debt materially lowers solvency and refinancing risk over the medium term, giving management flexibility to pursue project development or structured financing. This durable capital-structure strength reduces liquidity strain during prolonged pre-revenue periods.
Read all positive factors
Omai Gold Mines (OMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.52B
Dividend YieldN/A
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)1.84
Revenue GrowthN/A
EPS Growth-67.12%
CountryCA
Employees25
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding675,412,050
10 Day Avg. Volume1,853,783
30 Day Avg. Volume1,919,467
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)15.20
Price to Sales (P/S)0.00
P/FCF Ratio-56.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.83Price Target Upside63.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Omai Gold Mines Business Overview & Revenue Model
Company Description
Omai Gold Mines Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. The company explores for gold and precious mineral deposits, as well as stones. It holds a 100% interests in the Omai prospecting lic...
How the Company Makes Money
null...
Omai Gold Mines Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -78.69K | 0.00 | -65.16K | -43.64K | -38.31K |
| EBITDA | -14.36M | -5.28M | -3.37M | -4.15M | -6.88M |
| Net Income | -13.83M | -5.77M | -3.41M | -4.88M | -7.25M |
Balance Sheet | |||||
| Total Assets | 43.76M | 7.32M | 4.28M | 6.71M | 7.80M |
| Cash, Cash Equivalents and Short-Term Investments | 42.55M | 6.52M | 476.37K | 2.98M | 3.57M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 295.00K |
| Total Liabilities | 2.31M | 1.64M | 883.60K | 788.59K | 2.36M |
| Stockholders Equity | 41.44M | 5.69M | 3.39M | 5.92M | 5.45M |
Cash Flow | |||||
| Free Cash Flow | -11.09M | -4.61M | -2.52M | -5.12M | -7.28M |
| Operating Cash Flow | -10.86M | -4.52M | -2.34M | -4.12M | -6.15M |
| Investing Cash Flow | -31.08M | -93.03K | -188.11K | -1.00M | -1.13M |
| Financing Cash Flow | 46.57M | 10.51M | 89.00 | 4.60M | 7.26M |
Omai Gold Mines Technical Analysis
Neutral
2.35
Price Trends
2.42
Negative
2.15
Positive
1.74
Positive
Market Momentum
-0.05
Positive
45.66
Neutral
19.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OMG, the sentiment is Neutral. The current price of 2.35 is above the 20-day moving average (MA) of 2.35, below the 50-day MA of 2.42, and above the 200-day MA of 1.74, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 45.66 is Neutral, neither overbought nor oversold. The STOCH value of 19.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:OMG.
Omai Gold Mines Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | C$713.23M | 2.41 | 60.00% | 2.78% | 48.68% | 80.47% | |
78 Outperform | C$909.80M | 13.05 | 33.97% | ― | 75.17% | 73.99% | |
69 Neutral | C$702.67M | 18.23 | 13.02% | ― | 93.16% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$1.52B | -57.00 | -62.91% | ― | ― | -67.12% |
* General Sector Average
TSE:OMG
Omai Gold Mines
2.25
1.70
309.09%
TSE:GAU
Galiano Gold
2.69
0.99
58.24%
TSE:MKO
Mako Mining Corp
10.39
5.33
105.34%
TSE:THX
Thor Explorations
1.07
0.35
48.61%
Omai Gold Mines Corporate Events
Business Operations and StrategyFinancial Disclosures
Omai Gold Lifts Guyana Resource to 8 Moz, Targets PEA After Major Wenot, Gilt Gains
Positive
Apr 15, 2026
Omai Gold Mines has reported a significant update to the Mineral Resource Estimate at its Omai Gold Property in Guyana, with combined indicated resources rising 17.6% to 2.5 million ounces of gold at 2.04 g/t and inferred resources increasing 24.7...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.