Jefferies cuts PT for Australia's Deep Yellow on Tumas FID deferral
BUZZ-Jefferies cuts PT for Australia's Deep Yellow on Tumas FID deferral ** Analysts at Jefferies lower the price target for Australia's Deep Yellow DYL.AX to A$1.20 from A$1.90; keep 'buy' rating
** Uranium miner on Friday deferred final investment decision (FID) for Tumas Uranium Project, Namibia, beyond Q4 2026, citing weak equity market conditions
** Jefferies expects June 2027 FID for Tumas, with first ore in October 2029
** Brokerage adds FID deferral preserves financing flexibility, but schedule slippage, capital escalation and higher operating costs erode net present value
** Uranium equities have materially lagged underlying uranium market, with risk-off positioning and higher interest rates weighing on long-duration developers despite strong term pricing - Jefferies
** DYL down 55.4% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru; Editing by Cynthia Osterman)
Recent news on DEEP YELLOW
See all newsAustralia's Deep Yellow falls to over 1-1/2-year low after Jefferies cuts PT
Jefferies cuts PT for Australia's Deep Yellow on Tumas FID deferral
Brief: Deep Yellow Defers Final Investment Decision For Tumas Project Beyond Q4 2026
Australian uranium miners rally after Google's power deal with Constellation Energy
Australian uranium stocks gain after Google's power deal with Constellation Energy