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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Experts express a positive outlook on Mega Uranium, noting that the current market conditions, with stocks down by 50%, present a unique buying opportunity. The long-term prospects for uranium remain strong, despite short-term market boredom with the sector. There is a consensus that Mega Uranium is significantly undervalued relative to its assets, with strong support for the idea that investors can acquire the company's portfolio at a depreciated cost. The transition from a spot market to a term market is seen as a beneficial change for producers, providing them with more leverage over pricing. Overall, the company's intrinsic value is believed to exceed its current market valuation, highlighting its potential as a lucrative investment.

Consensus
Positive
Valuation
Undervalued
Similar
NXE,TXE
BUY

Loves the uranium space because stocks are down by 50% -- that's called a sale ;)  Long-term outlook for uranium is good, but people are bored with it. A sum-of-the-parts play. Stock is at a substantial discount to liquidation value, and he loves that.

BUY

Fairly substantial discount to market cap of its portfolio, and you get the company's own asset base for free. He's a really big fan of free. Yes, this is a way to buy NXE cheaper.

Price of uranium doesn't really need to go up, as it's above the incentive price. What's really changed in uranium is that it's gone from a spot market to a term market. Producers will now be able to sign agreements without being slaves to the spot market.

PAST TOP PICK
(A Top Pick Jul 14/23, Up 49%)

Functions almost as a closed end fund. Recent high prices have fallen, but will continue to hold. Value of parts of company exceeds the whole of the company. 

BUY

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. 

TOP PICK

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.

COMMENT

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.

COMMENT

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.

DON'T BUY

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.

BUY
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.
DON'T BUY
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.
TOP PICK
Broke up through a down trend line and above its 200 day moving average. Also liked that it was in uranium and coal.
COMMENT
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.
PAST TOP PICK
(Top Pick Aug 20/09, Down 50%) They are not in production. Price of uranium was quite weak until a couple of weeks ago.
PARTIAL BUY
All of the uranium plays have been beaten up. If you own, it's a great place to start adding. Don't overweight.
BUY
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.)
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Mega Uranium(MGA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

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, 3 stock analysts published opinions about MGA-T. 3 analysts 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?

3 stock analysts 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 2025-04-01, Mega Uranium (MGA-T) stock closed at a price of $0.29.