Jefferies keeps Buy rating for Deep Yellow stock at AUD 1.20

Published on 10/27/2026 at 19:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgans cut its target to AUD 1.50 on October 20, 2026. Deep Yellow stock costs EUR 0.47 on October 27, 2026, up 2.17 percent versus the Tradegate close.

Analyst target and reporting date

Jefferies maintained a Buy rating and an AUD 1.20 target on October 16, 2026.
Morgans cut its target from AUD 1.95 to AUD 1.50 on October 20, 2026.
Deep Yellow stock costs EUR 0.47 at Lang & Schwarz on October 27, 2026, plus 2.17 percent versus the Tradegate close of October 26, 2026.
Deep Yellow is scheduled to report second-quarter fiscal 2027 results on December 2, 2026.

Deep Yellow, AU000000DYL4, Illustration mit AI erstellt.

Jefferies maintained a Buy rating on Deep Yellow and set an AUD 1.20 price target in a report dated October 16, 2026, according to Business Insider Australia. Against the ASX price of AUD 0.745 on October 27, 2026, the target is 61.07 percent above the stock. Deep Yellow was trading at EUR 0.47 at Lang & Schwarz on October 27, 2026 at 6:58 p.m. CEST, up 2.17 percent versus the Tradegate close of October 26, 2026 at EUR 0.46.

Broker targets reflect funding risk

Morgans cut its Deep Yellow target from AUD 1.95 to AUD 1.50 on October 20, 2026. The broker linked the reduction to a 12-month delay in the final investment decision for the Tumas uranium project, while Macquarie kept an AUD 1.95 target, Motley Fool Australia reported on October 20, 2026.

The Tumas decision is now the central valuation variable. Deep Yellow said work on an updated value model was nearing completion, while about 440 contractors and employees had been inducted for the project, according to the same October 20, 2026 report.

What does the price position show?

Deep Yellow's ASX price was AUD 0.745 at the October 27, 2026 close, up 5.67 percent on the session. The Australian listing traded between AUD 0.703 and AUD 0.745, while its 52-week range was AUD 0.67 to AUD 2.97 as of October 23, 2026. The stock therefore stood 74.92 percent below that 52-week high.

Deep Yellow's Australian listing has fallen 60.33 percent since the start of 2026. Its market value was USD 686.98 million on October 27, 2026, and its trailing price-to-earnings ratio was 54.78. The company is focused on uranium exploration and project development in Namibia and Australia.

Reporting date is December 2

Deep Yellow is scheduled to report second-quarter fiscal 2027 results on December 2, 2026. The date is listed alongside a fiscal 2027 reporting calendar for the ASX listing. The next report will give investors a dated checkpoint for project spending, funding progress and the path toward the revised Tumas decision.

Comparison with peers

Deep Yellow: plus 2.17 percent, P/E 54.78.

Bannerman Energy (ASX, AUD): plus 6.35 percent, market capitalization USD 752.88 million.

Paladin Energy (ASX, AUD): plus 2.46 percent, market capitalization USD 2.17 billion.

Target support meets execution risk

The broker range shows how strongly valuation depends on financing and timing. Jefferies' AUD 1.20 target remains materially above the ASX price, but Morgans' cut to AUD 1.50 places greater weight on the cost of delaying cash flows. The scheduled December 2 report is the next concrete date for reassessing that balance.

The further course of trading is shown by the continuously updated real-time quote of Deep Yellow stock.