Deep Yellow Retains Bear as Tumas Decision Nudged Back -- Market Talk

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2143 GMT - Jefferies retains an underperform call on Deep Yellow as the aspiring uranium miner pushes back a decision on whether to build its Tumas mine in Namibia. Deep Yellow now aims to make a final investment decision on Tumas in the second half of 2026. That assumes market conditions support it. Analyst Daniel Roden expects FID to happen between October and December. "We believe Deep Yellow's valuation fully prices in its project portfolio without adequately reflecting the execution and market risks," Jefferies says. Its price target lifts 19% to A$2.20/share. Deep Yellow ended Thursday at A$2.46. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 05, 2026 16:43 ET (21:43 GMT)

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