Omai Gold Mines (TSE:OMG)
:OMG
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Omai Gold Mines
(OMG)
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Rating:53Neutral
Price Target:
C$2.50
▲(6.38% Upside)
Action:ReiteratedDate:04/24/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and accelerating cash burn), partially mitigated by a low-debt balance sheet with improved equity. Technicals are a key positive with a strong uptrend and positive momentum, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Low debt
Effectively zero debt materially lowers financial risk for a capital-intensive miner. It preserves flexibility to raise capital on better terms, supports capital expenditure for exploration/development, and reduces bankruptcy/default risk relative to leveraged peers over the coming months.
Negative Factors
Pre-revenue with widening losses
Persistent pre-revenue status and widening net losses mean the business lacks operating cash inflows and is depleting equity. This elevates execution and financing risk, making the timeline to sustainable profitability uncertain and increasing dependence on successful project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low debt
Effectively zero debt materially lowers financial risk for a capital-intensive miner. It preserves flexibility to raise capital on better terms, supports capital expenditure for exploration/development, and reduces bankruptcy/default risk relative to leveraged peers over the coming months.
Read all positive factors
Omai Gold Mines (OMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.54B
Dividend YieldN/A
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue GrowthN/A
EPS Growth-74.71%
CountryCA
Employees25
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding653,805,100
10 Day Avg. Volume1,853,783
30 Day Avg. Volume1,919,467
Financial Highlights & Ratios
PEG Ratio-0.58
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. 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 distric...
How the Company Makes Money
null...
Omai Gold Mines Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
28
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 | 0.00 | -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
Positive
2.35
Price Trends
1.90
Positive
1.70
Positive
1.35
Positive
Market Momentum
0.16
Negative
68.08
Neutral
92.99
Negative
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 2.35 is above the 20-day moving average (MA) of 1.84, above the 50-day MA of 1.90, and above the 200-day MA of 1.35, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 68.08 is Neutral, neither overbought nor oversold. The STOCH value of 92.99 is Negative, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
88 Outperform | C$916.54M | 4.23 | 65.00% | 2.78% | 71.23% | 115.27% | |
68 Neutral | C$866.60M | -22.03 | -13.37% | ― | 96.68% | -621.04% | |
66 Neutral | C$926.43M | 11.75 | 28.92% | ― | 64.12% | 51.99% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$1.54B | -45.58 | -58.35% | ― | ― | -74.71% |
* General Sector Average
TSE:OMG
Omai Gold Mines
2.35
1.91
428.09%
TSE:GAU
Galiano Gold
3.21
1.36
73.51%
TSE:MKO
Mako Mining Corp
10.87
6.39
142.63%
TSE:THX
Thor Explorations
1.34
0.75
125.59%
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...
Business Operations and Strategy
Omai Gold Extends High-Grade Wenot Mineralization and Ramps Up Drilling in Guyana
Positive
Mar 26, 2026
Omai Gold Mines reported strong new drill results from eight holes at its Wenot deposit in Guyana, including intercepts of 7.74 grams per tonne gold over 13.5 metres and 6.30 grams per tonne over 9.8 metres. The drilling, concentrated mainly in th...
Business Operations and Strategy
Omai Gold Launches 50,000m Drill Campaign After Strong Wenot Assays
Positive
Feb 25, 2026
Omai Gold Mines reported new drilling results from its Omai Gold Project in Guyana, where recent holes at the Wenot deposit returned multiple high-grade gold intersections, including 4.18 g/t over 14.6 metres and 3.73 g/t over 17.3 metres. These i...
Business Operations and Strategy
Omai Gold Extends High-Grade Wenot Zones Ahead of Resource Update
Positive
Feb 18, 2026
Omai Gold Mines reported new high-grade assay results from eight additional diamond drill holes completed in 2025 at the Wenot deposit on its Omai Gold Project in Guyana, including standout intervals of 11.48 g/t gold over 10.2 metres and 4.79 g/t...
Business Operations and Strategy
Omai Gold Hires SLR Consulting for Updated Resource and Economic Study at Flagship Guyana Project
Positive
Feb 18, 2026
Omai Gold Mines has hired SLR Consulting to deliver an updated mineral resource estimate and a new preliminary economic assessment for the Omai Gold Project in Guyana, incorporating the expanded Wenot open pit and the adjacent Gilt Creek undergrou...
Business Operations and Strategy
Omai Gold Extends High-Grade Mineralization at Wenot Ahead of New Resource Estimate
Positive
Feb 18, 2026
Omai Gold Mines reported new drill results from its 2025 program at the Wenot deposit on the Omai Gold Project in Guyana, intersecting multiple high-grade and broad gold zones. Key intercepts include 12.34 grams per tonne gold over 17.5 metres and...
Business Operations and StrategyFinancial Disclosures
Omai Gold Mines Climbs to Sixth on 2026 TSX Venture 50 After 483% Share Surge
Positive
Feb 18, 2026
Omai Gold Mines has been ranked sixth on the TSX Venture Exchange’s 2026 Top 50 list, reflecting a 483% share price increase in 2025 and a surge in market capitalization from about C$125 million to roughly C$938 million over the year. The re...
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.