Jefferies trims PT on Deep Yellow; incorporates A$250 mln equity raise

DEEP YELLOW

11/03/2024 19:06

** Analysts at Jefferies cut price target on Australia's
uranium miner Deep Yellow  DYL.AX  to A$1.40/shr from A$1.50/shr
    ** Brokerage says it has incorporated A$220 mln ($145.31
mln) placement into valuation
    ** Adds DYL pursuing strategically bold funding approach for
Tumas project in Namibia  
    ** Brokerage maintains "hold" rating on the uranium miner
    ** DYL up 11.5% YTD, as of last close

($1 = 1.5140 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))