** Jefferies cuts PT for uranium explorer Deep Yellow DYL.AX to A$0.75 from A$0.8, reiterates "underperform" rating
** Brokerage expected company's deferral of final investment decision for Tumas uranium project in Namibia for more favourable market conditions
** Macro uncertainties have contributed to utility hesitancy in offtake, leading to uranium market softness - brokerage
** Jefferies says that to support Tumas development, financing package of about A$519 mln ($309.32 mln) is required, which could be a combination of offtake agreements (including financing), debt, equity and potential project-level selldown
** Stock down 24.4% YTD
($1 = 1.6779 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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