TSE:MGA

0.32
0.01 (1.54%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts are attracted to the valuation and off-the-radar speculation of Mega Uranium. The whole sector is on the move and continues to trend upward. The stock trades at a substantial discount to NAV, and the successful management team is also a positive factor. It's an attractive time to invest in the Uranium space, as the current share price is less than that of securities holdings in other Uranium companies. The NPV of portfolio and assets is very discounted on a per share basis, making it a good time to buy shares.

Consensus
Attractive
Valuation
Undervalued
BUY
Mega Uranium

Attracted to the valuation and off-the-radar speculation. Whole sector is moving up and will continue to. Trades at a substantial discount to NAV. Successful management team. Likes the range of assets. 

non-base metal mining
TOP PICK
Mega Uranium

Attractive to Uranium space at this time.
Current share price less than half of securities holdings in other Uranium companies.
Good time to buy shares.
NPV of portfolio and assets very discounted on a per share basis.

non-base metal mining
COMMENT
Mega Uranium

Very junior, although it has been around for a long time. It is basically a lot of hype and hope. They are doing some work in Australia, and virtually have no money. Nothing found to date has been feasible, that they can push it forward in a big way. He avoids companies like this like the plague. Doesn’t like companies that have no revenue.

non-base metal mining
COMMENT
Mega Uranium

Believes it is going to take a couple of years to resolve the uranium market. If he were going into uranium, his choice would be Uranium Participation (U-T). Mega Uranium will do well in an upturn in the uranium market.

non-base metal mining
DON'T BUY
Mega Uranium

He is a uranium bull and if the uranium price increases the tide will float all ships, but he would not own this. He believes uranium has to go up at some point because it currently costs more to produce than it sells for, however it likely won’t go up in 2015.

non-base metal mining
BUY
Mega Uranium
Uranium development story in Western Australia. As they move towards production, there will be feasibility studies and financing, which should give a lift in the stock. Uranium is out of favour at the moment but risk/reward is pretty good at this juncture.
non-base metal mining
DON'T BUY
Mega Uranium
Capital is going to be harder and harder to come by for many of the junior and emerging producers. Have some production but is more of a growth and resource story. Would stay away. From an energy need perspective, you are going to see a shift towards thermal coal, natural gas, etc.
non-base metal mining
TOP PICK
Mega Uranium
Broke up through a down trend line and above its 200 day moving average. Also liked that it was in uranium and coal.
non-base metal mining
COMMENT
Mega Uranium
Uranium is now starting to move. Once it solidly stays at $50 for a while there will be a real re-evaluation in the sector. This is more of a trading vehicle and could easily be $.75 next year if he is right on the uranium call.
non-base metal mining
PAST TOP PICK
Mega Uranium
(Top Pick Aug 20/09, Down 50%) They are not in production. Price of uranium was quite weak until a couple of weeks ago.
non-base metal mining
PARTIAL BUY
Mega Uranium
All of the uranium plays have been beaten up. If you own, it's a great place to start adding. Don't overweight.
non-base metal mining
BUY
Mega Uranium
He owns warrants on this. Main property is in South Australia and it looks like they are on track to get the mine in production over the next few years. Great name to have in a uranium basket. (See Top Picks.)
non-base metal mining
DON'T BUY
Mega Uranium
Uranium went through a huge bubble in the last couple of years and it is still bursting. It will take a while before a lot of the nuclear plants being built globally are going to kick in. Wait for the stocks to have some earnings visibility.
non-base metal mining
TOP PICK
Mega Uranium
Bullish on uranium. Not in production but is in development. Doesn't require a lot of capital to bring it into production. Low operating costs. Could be a takeout candidate.
non-base metal mining
BUY
Mega Uranium
Earlier stage. They like it. Of the companies that are going to be emerging as producers, they like their assets. Like the geographical spread of their projects.
non-base metal mining
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Mega Uranium(MGA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Mega Uranium is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Mega Uranium(MGA-T) Frequently Asked Questions

What is Mega Uranium stock symbol?

Mega Uranium is a Canadian stock, trading under the symbol MGA-T on the Toronto Stock Exchange (MGA-CT). It is usually referred to as TSX:MGA or MGA-T

Is Mega Uranium a buy or a sell?

In the last year, 1 stock analyst published opinions about MGA-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Mega Uranium.

Is Mega Uranium a good investment or a top pick?

Mega Uranium was recommended as a Top Pick by on . Read the latest stock experts ratings for Mega Uranium.

Why is Mega Uranium stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Mega Uranium worth watching?

1 stock analyst on Stockchase covered Mega Uranium In the last year. It is a trending stock that is worth watching.

What is Mega Uranium stock price?

On 2024-06-24, Mega Uranium (MGA-T) stock closed at a price of $0.32.