Updates with share moves, Macquarie comments

** Jefferies cuts PT for uranium explorer Deep Yellow DYL.AX to A$0.75 from A$0.8, reiterates "underperform" rating

** Shares down as much as 7.4% to A$0.788

** Macquarie cuts PT to A$1.70 from A$1.90 with "outperform" rating on increased Tumas costs, delays to first production, and increased equity dilution factor

** Co deferred final investment decision for Tumas uranium project in Namibia and increased initial capex costs by 32% to $474 mln

** Macquarie assumes increased equity dilution of ~A$300 mln ($178.80 mln) at A$0.85/share to reflect market movements and increased project cost

** Jefferies says financing package of about A$519 mln required, which could be a combination of offtake agreements (including financing), debt, equity and potential project-level selldown

** Stock down nearly 29% YTD

($1 = 1.6779 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com))