Royal Bank Of Canada Increases Mega Uranium Ltd (MGA) Price Target to C$77.00

Mega Uranium Ltd (TSE:MGA) had its price objective lifted by Royal Bank Of Canada from C$60.00 to C$77.00 in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock.

Several other equities research analysts have also recently issued reports on MGA. Scotiabank raised their price objective on Mega Uranium to C$93.00 and gave the stock an “outperform” rating in a report on Friday, May 12th. TD Securities upgraded Mega Uranium from a “hold” rating to a “buy” rating and set a C$75.00 price objective on the stock in a report on Friday, May 12th.

Shares of Mega Uranium (MGA) opened at 0.185 on Monday. The firm has a 50-day moving average price of $0.20 and a 200-day moving average price of $0.21. Mega Uranium has a 52-week low of $0.11 and a 52-week high of $0.32. The stock’s market cap is $52.85 million.

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About Mega Uranium

Mega Uranium Ltd. focuses on the acquisition, exploration, and development of uranium properties, primarily in Australia and Canada. The company’s principal properties include uranium resource projects and interests in exploration properties comprising Ben Lomond and Georgetown (Maureen) Projects located in Queensland, Southern Australia, the Northern Territory, and Western Australia.

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