Bell Potter ups PT on Deep Yellow reflecting robust uranium prices; shares rise

DEEP YELLOW

27/09/2023 04:33

** Bell Potter raises PT on Australia's Deep Yellow  DYL.AX 
to A$1.84/share from A$1.06/share; keeps rating unchanged at
'buy'
    ** Shares rise as much as 4.7% to A$1.34, hitting their
highest since September 2021
    ** Brokerage sees Deep Yellow capitalising on the momentum
of rising uranium prices
    ** Expects co to advance its flagship Tumas and Mulga Rock
projects into production within the next 3-4 years
    ** Adds, co holds advanced portfolio of development ready
assets in Namibia (Tumas) and Western Australia (Mulga Rock)
    ** Stock has risen 82.9% this year, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))