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Deep Yellow (ASX: DYL) Broker Ratings
Equity Espresso
April 10, 2025 • Estimated Reading Time: 2 minutes
Deep Yellow (ASX: DYL) Broker Ratings
Date | Broker | Rating | Price Target |
|---|---|---|---|
10/04/2025 | Morgans | Spec. Buy | $1.56 |
10/04/2025 | Bell Potter | Buy | $1.45 |
09/04/2025 | Macquarie | Outperform | $1.70 |
10/04/2025
Morgans has maintained its Speculative Buy rating for Deep Yellow while cutting the target price to $1.56 from $1.73. The broker notes that the company announced a deferral of the final investment decision for the Tumas project until uranium prices improve. Updated guidance shows capex increasing to US$474m (up US$62m) and C1 costs rising by US$4.25/lb to US$38.60/lb.
Bell Potter has maintained its Buy rating for Deep Yellow while reducing the target price to $1.45 from $1.65. The broker highlights the delay in the final investment decision for the Tumas project in Namibia, noting capex rising by US$62m to US$474m and first-year opex up to US$38.60/lb. Bell Potter reports that higher process plant infrastructure lifted capex assumptions, with the timeline to first production extended to 24 months from 18 months.
09/04/2025
Macquarie has maintained its Outperform rating for Deep Yellow while cutting the target price to $1.70 from $1.90. Despite the delay to the Tumas uranium project Final Investment Decision now scheduled for second half 2025, the broker remains positive. Macquarie notes a 32% increase in initial capex to US$474m due to higher processing plant costs, but highlights Deep Yellow's advantageous position relative to peers experiencing similar delays.
Deep Yellow Stock Price
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