BUZZ-Australia's Deep Yellow gains as Macquarie starts with 'outperform'

Reuters
01-21

** Uranimum miner Deep Yellow's stock 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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