Canaccord keeps Speculative Buy on Deep Yellow stock

Published on 10/13/2026 at 00:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 net income rose to AUD 13.33 million from AUD 7.16 million. On October 6, 2026, Canaccord rates Deep Yellow stock Speculative Buy.

Key points in brief

Canaccord retained a Speculative Buy rating and an AUD 2.90 target for Deep Yellow on October 6, 2026.
Tumas engineering reached 79.00 percent completion by the end of fiscal 2026.
Fiscal 2026 net income rose to AUD 13.33 million from AUD 7.16 million.
The last Lang & Schwarz indication was EUR 0.59 on October 12, 2026 at 11:00 p.m. CEST.

Deep Yellow, AU000000DYL4, Illustration mit AI erstellt.

Canaccord retained its Speculative Buy rating on Deep Yellow stock in a report dated October 6, 2026, according to FNArena. The broker also kept its AUD 2.90 target, while Tumas civil and concrete construction was reported at 79.00 percent completion.

Three milestones shape Tumas

On July 27, 2026, Deep Yellow had ended its June quarter with AUD 160.00 million in cash while advancing Tumas toward a final investment decision, according to MarketScreener.

On September 15, 2026, Deep Yellow reported fiscal 2026 net income of AUD 13.33 million, up from AUD 7.16 million in fiscal 2025, while revenue fell to AUD 7.43 million from AUD 11.59 million, according to MarketScreener.

On October 6, 2026, Canaccord highlighted completed bulk earthworks, water and power agreements, and a 79.00 percent completion level for civil and concrete construction, according to FNArena.

What does 79.00 percent completion change?

The figure shifts the debate from basic construction readiness to financing and execution. Tumas remains the central development asset, but Canaccord viewed a final investment decision in the December 2026 quarter as difficult to achieve, according to FNArena's October 6, 2026 report.

Deep Yellow's fiscal 2026 balance sheet adds room for preparation. Kapitales Research reported cash and at-call deposits of AUD 159.63 million, net assets of AUD 660.84 million versus AUD 633.18 million a year earlier, and zero debt at June 30, 2026. The same review said the AUD 25.20 million reversal of a non-cash impairment helped drive the fiscal-year profit.

Next Tumas milestone is fourth quarter 2026

Kapitales Research reported on September 24, 2026, that Deep Yellow targeted a Tumas final investment decision in the fourth quarter of 2026. The timing leaves project financing, contracting and construction execution as the key measurable steps before a construction commitment.

Last euro indication remains dated

The last Lang & Schwarz indication was EUR 0.59 on October 12, 2026 at 11:00 p.m. CEST. The next course of trading is shown by the continuously updated real-time quote of Deep Yellow stock.