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

Reuters

03-19

BUZZ-Australia's Deep Yellow set for growth on imminent Namibian project investment decision, <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> says

** Macquarie identifies potential positive trend for uranium miner Deep Yellow DYL.AX, with final investment decision $(FID.AU)$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;))

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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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}