Australia's Deep Yellow set for growth on imminent Namibian project investment decision, Macquarie says

Nexgen Energy

18/03/2025 23:25

** Macquarie identifies potential positive trend for uranium miner Deep Yellow DYL.AX, with final investment decision (FID)for Tumas project in Namibia expected in coming weeks

** DYL's shares may see movement based on the upcoming Tumas FID, a significant milestone that could set the miner on path to production by early 2027 — brokerage

** Brokerage highlights that the Tumas FID might allow DYL to leverage an early-mover advantage in the contracting market, given the delays faced by competitors NexGen NXE.TO and Denison DML.TO

** Brokerage maintains "outperform" rating at PT of A$1.9/shr

** Four of five analysts rate the stock "buy", one rates "strong sell"; their mean PT is A$1.62, according to data compiled by LSEG

** Stock down 10.7% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))