Omai Gold Mines (OMG) AI Stock Analysis

• Market Cap: C$476.34M
• Dividend Yield: N/A
• Average Volume (3M): 705.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: N/A
• EPS Growth: 18.12%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 595,430,360
• 10 Day Avg. Volume: 608,025
• 30 Day Avg. Volume: 705,658
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.10
• Price Target Upside: 44.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: ―

Omai Gold Mines' overall stock score is 56.0, reflecting a mixed outlook. The company's strong equity position and recent positive corporate event are offset by significant financial performance challenges, including lack of revenue and negative cash flows. Technical indicators suggest bullish momentum, but valuation concerns due to ongoing losses weigh heavily on the stock's attractiveness.

Positive Factors

Drill Results

Omai reported its best hole to date, intersecting 4.48 g/t Au over 57.0m including 21.13 g/t Au over 10.0m.

Resource Expansion

The drill hole expands the known mineralization another 200m laterally beyond the previously drilled limit.

Valuation Increase

Analyst's estimated NPV has increased from US$777M to US$1,233M.

Negative Factors

Pending Results

Results are pending for 16 holes at Wenot as part of the previously expanded 15,000m 2025 drill program.

Program Expansion

Due to the strong results thus far in the program, Omai announced that it will be increasing the 2025 drill program from 10,000m to at least 15,000m.

Omai Gold Mines Business Overview & Revenue Model

Company Description

Omai Gold Mines Corp. explores for and develops base and precious metals. It holds a 100% interest in the Omai prospecting license that covers an area of 4,590 acres, including the past-producing Omai Gold mine located in the Potaro mining district of Guyana, as well as adjoining eastern flats mining permits. The company is based in Toronto, Canada.

How the Company Makes Money

Omai Gold Mines generates revenue primarily through the exploration and development of gold mining projects. The company aims to discover and extract gold resources, which are then processed and sold in the commodities market. Revenue streams include the sale of gold extracted from their mining operations and potentially through partnerships or joint ventures with other mining companies to share exploration and development costs. External factors such as gold market prices, operational efficiency, and successful discovery of gold reserves significantly impact the company's earnings.

Omai Gold Mines Financial Statement Overview

Summary

Omai Gold Mines shows financial stability due to strong equity and no debt, yet operational inefficiencies and lack of revenue are major concerns. The company's reliance on external capital to offset negative cash flows poses a sustainability risk.

Income Statement

The company reported no revenue over the analyzed periods, indicating a lack of sales activity. Consistently negative EBIT and net income emphasize ongoing operational losses. Without revenue growth, the company faces significant profitability challenges.

Balance Sheet

The company maintains a strong equity position with no debt, indicating financial stability. However, the absence of revenue generation is a concern. The equity ratio is healthy, reflecting the company's reliance on equity financing.

Cash Flow

Negative operating and free cash flows over multiple periods indicate cash flow struggles, despite positive financing cash flows suggesting reliance on external funding. The lack of revenue aggravates these cash flow issues.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Sep 2019
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-43.64K	-38.31K	-1.50K	0.00
EBITDA	-3.37M	-4.15M	-6.88M	-5.96M	3.33M
Net Income	-3.41M	-4.88M	-7.25M	-7.63M	-3.76M
Balance Sheet
Total Assets	4.28M	6.71M	7.80M	7.74M	534.47K
Cash, Cash Equivalents and Short-Term Investments	476.37K	2.98M	3.57M	3.61M	―
Total Debt	0.00	0.00	295.00K	525.65K	89.00K
Total Liabilities	883.60K	788.59K	2.36M	3.33M	650.98K
Stockholders Equity	3.39M	5.92M	5.45M	4.41M	―
Cash Flow
Free Cash Flow	-2.52M	-5.12M	-7.28M	-6.95M	―
Operating Cash Flow	-2.34M	-4.12M	-6.15M	-4.93M	―
Investing Cash Flow	-188.11K	-1.00M	-1.13M	-1.98M	―
Financing Cash Flow	89.00	4.60M	7.26M	10.51M	56.42K

Omai Gold Mines Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OMG, the sentiment is Positive. The current price of 0.76 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.62, and above the 200-day MA of 0.39, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 76.48 is Negative, neither overbought nor oversold. The STOCH value of 53.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OMG.

Omai Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMG	56 Neutral	C$476.34M	―	-64.22%	―	―	18.12%
Sector *	44 Neutral	AU$1.46B	-5.90	-41.17%	4.22%	-3.35%	-41.14%
GDRZF	―	$444.77M	―	-53.17%	―	―	―
HSTR	68 Neutral	C$305.93M	3.90	101.17%	―	―	―
JAGGF	―	$236.68M	5.53	-2.38%	―	―	―
WRLGF	―	$219.80M	―	-143.63%	―	―	―
STPGF	―	$230.02M	4.06	44.39%	―	―	―

Omai Gold Mines Corporate Events

Omai Gold Mines Expands Private Placement to $22 Million Amid Strong Investor Demand

Omai Gold Mines Corp. has announced an increase in its bought deal private placement to $22 million due to investor demand. The funds raised will be used for exploration, development, and general working capital. The offering is set to close on February 13, 2025, subject to approvals from the TSX Venture Exchange and other regulatory authorities, highlighting the company’s continued efforts to strengthen its financial position and advance its operations.

Omai Gold Mines Announces Leadership Changes and Future Plans

Omai Gold Mines has appointed Elaine Ellingham as Executive Chairman and Derek Macpherson as Lead Director, marking a strategic leadership shift as the company focuses on expanding its gold resources in Guyana. The completion of a positive Preliminary Economic Assessment and ongoing drilling efforts highlight the company’s commitment to increasing shareholder value. With a promising outlook for 2025, Omai Gold Mines aims to leverage its historical data and successful exploration to enhance its mining operations.