Omai Gold Mines (TSE:OMG)
:OMG
Top Page
Omai Gold Mines
(OMG)
Select Model
Select Model
Rating:47Neutral
Price Target:
C$1.50
▼(-10.71% Downside)
Action:ReiteratedDate:01/24/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and rising cash burn), with valuation also unfavorable due to continued losses and no dividend. Technicals are supportive in trend terms, but overbought momentum readings increase near-term downside risk.
Positive Factors
Conservative balance sheet (zero debt)
Zero reported debt and positive equity reduce solvency and refinancing risk for a pre-production miner. Over the next 2–6 months this structural conservatism gives management flexibility to pursue exploration and studies without immediate creditor pressure, lowering bankruptcy tail risk.
Negative Factors
No operating revenue
Being pre-revenue with widening operating losses is a fundamental constraint: the firm cannot self-fund development from operations and must rely on external capital. Over 2–6 months this elevates dilution and execution risk if financing markets tighten or costs rise, hindering project progress.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
Zero reported debt and positive equity reduce solvency and refinancing risk for a pre-production miner. Over the next 2–6 months this structural conservatism gives management flexibility to pursue exploration and studies without immediate creditor pressure, lowering bankruptcy tail risk.
Read all positive factors
Omai Gold Mines (OMG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.10B
Dividend YieldN/A
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue GrowthN/A
EPS Growth-111.48%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.00
Shares Outstanding653,540,200
10 Day Avg. Volume1,853,783
30 Day Avg. Volume1,919,467
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)13.59
Price to Sales (P/S)0.00
P/FCF Ratio-16.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$2.72Price Target Upside61.90% 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
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 incl...
Omai Gold Mines Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -82.44K | 0.00 | 0.00 | -43.64K | -38.31K | -1.50K |
| EBITDA | -11.33M | -5.28M | -3.37M | -4.15M | -6.88M | -5.96M |
| Net Income | -11.29M | -5.77M | -3.41M | -4.88M | -7.25M | -7.63M |
Balance Sheet | ||||||
| Total Assets | 27.45M | 7.32M | 4.28M | 6.71M | 7.80M | 7.74M |
| Cash, Cash Equivalents and Short-Term Investments | 18.61M | 6.52M | 476.37K | 2.98M | 3.57M | 3.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 295.00K | 525.65K |
| Total Liabilities | 2.85M | 1.64M | 883.60K | 788.59K | 2.36M | 3.33M |
| Stockholders Equity | 17.68M | 5.69M | 3.39M | 5.92M | 5.45M | 4.41M |
Cash Flow | ||||||
| Free Cash Flow | -10.33M | -4.61M | -2.52M | -5.12M | -7.28M | -6.95M |
| Operating Cash Flow | -10.21M | -4.52M | -2.34M | -4.12M | -6.15M | -4.93M |
| Investing Cash Flow | -125.29K | -93.03K | -188.11K | -1.00M | -1.13M | -1.98M |
| Financing Cash Flow | 19.08M | 10.51M | 89.00 | 4.60M | 7.26M | 10.51M |
Omai Gold Mines Technical Analysis
Positive
1.68
Price Trends
1.84
Negative
1.61
Positive
1.27
Positive
Market Momentum
-0.06
Negative
48.36
Neutral
89.88
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 1.68 is above the 20-day moving average (MA) of 1.68, below the 50-day MA of 1.84, and above the 200-day MA of 1.27, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 48.36 is Neutral, neither overbought nor oversold. The STOCH value of 89.88 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | C$953.20M | 4.86 | 62.95% | 2.78% | 92.67% | 207.16% | |
68 Neutral | C$926.64M | -22.03 | -20.37% | ― | 114.30% | -2606.59% | |
66 Neutral | C$772.64M | 98.45 | 24.99% | ― | 45.36% | -14.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$1.10B | -66.86 | -72.54% | ― | ― | -111.48% |
* General Sector Average
TSE:OMG
Omai Gold Mines
1.68
1.32
366.67%
TSE:GAU
Galiano Gold
3.55
2.03
133.55%
TSE:MKO
Mako Mining Corp
8.88
5.03
130.65%
TSE:THX
Thor Explorations
1.43
1.06
281.33%
Omai Gold Mines Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Omai Gold Boosts Resources and Cash as Omai Project Advances Toward 2026 PEA
Positive
Jan 10, 2026
Omai Gold Mines reported major progress in 2025 at its Omai Gold Project in Guyana, driven by approximately 39,000 metres of diamond drilling that expanded its mineral resource estimate by more than 50% to 4.4 million ounces of inferred and 2.1 mi...
Business Operations and Strategy
Omai Gold Mines Awards 10.7 Million Stock Options as Guyana Gold Project Expands
Positive
Jan 10, 2026
Omai Gold Mines has granted incentive stock options to officers, directors, employees and consultants to purchase up to 10,720,000 common shares, with a five-year term at an exercise price of $1.44 and staggered vesting over two years, aligning ma...
Business Operations and Strategy
Omai Gold Mines Reports Promising Drilling Results at Omai Project
Positive
Nov 3, 2025
Omai Gold Mines Corp. announced promising results from recent drilling at their Omai Gold Project in Guyana, revealing significant gold mineralization in two exploration targets. The company is advancing its exploration efforts with five rigs dril...
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.