Morgans trims target for Deep Yellow stock from AUD 2.00 to AUD 1.95

Published on 10/07/2026 at 03:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 net income rose to AUD 13.33 million from AUD 7.16 million. Deep Yellow stock had a EUR 0.70 prior close on October 6, 2026.

Deep Yellow, AU000000DYL4, Illustration mit AI erstellt.

Deep Yellow (ISIN AU000000DYL4) stock is tied to a Morgans target cut to AUD 1.95 from AUD 2.00 in an analysis dated September 29, 2026, reported by FNArena. The broker retained a Speculative Buy rating while pointing to Tumas as the central value driver.

Tumas moves toward a decision

Deep Yellow's Tumas uranium project in Namibia had engineering about 80% complete, with bulk earthworks finished and power and water agreements in place, according to FNArena on September 29, 2026. Management is targeting a final investment decision in the fourth quarter of 2026.

The project carries a 118.2 million lb uranium resource and targeted production of 3.6 million lb annually, while the planned mine life exceeds 30 years, FNArena reported. That scale gives the investment decision more weight than a routine development milestone because financing and construction timing will shape the company's path to production.

Profit improved, cash declined

For fiscal 2026 ended June 30, 2026, Deep Yellow reported AUD 7.43 million in revenue, down from AUD 11.59 million a year earlier, while net income rose to AUD 13.33 million from AUD 7.16 million, according to MarketScreener on September 15, 2026. Basic earnings per share increased to AUD 0.0137 from AUD 0.0074.

The Tumas build also brings a funding counterweight. The latest development capital estimate was USD 575 million, 15% above the March 2026 estimate of USD 474 million, and FNArena reported that Morgans assumed a potential AUD 200 million equity raising in fiscal 2027. That financing requirement is the clearest counterweight to the project's resource scale.

Prior close remains the market marker

The prior close at Lang & Schwarz was EUR 0.70 on October 6, 2026. Deep Yellow is listed on the ASX under ticker DYL, according to Global Banking and Finance.

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