BUZZ-Australia's Deep Yellow gains as Macquarie starts with 'outperform'
ReutersJan 21, 2025 3:33 AM
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))
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