Australia's Deep Yellow gains as Macquarie starts with 'outperform'

DEEP YELLOW

21/01/2025 03:33

** Uranimum miner Deep Yellow's stock  DYL.AX  up 2.7% at
A$1.34
    ** Macquarie starts coverage with "outperform" and A$2 PT
    ** Cites strengthening outlook for uranium demand, improving
price structures
    ** Says DYL's greenfield Tumas project a differentiator as
many peers restart idle capacities with depleted quality
resources
    ** Now, 4 of 5 analysts rate DYL the equivalent of "buy";
median PT is A$1.70 – LSEG data
    ** Stock has risen 3.2% in 2024
    

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))