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))
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