Deep Yellow (OTCMKTS:DYLLF) Upgraded by Royal Bank Of Canada to Moderate Buy Rating

Royal Bank Of Canada upgraded shares of Deep Yellow (OTCMKTS:DYLLF) to a moderate buy rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports.

Separately, Jefferies Financial Group upgraded shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $1.92.

Deep Yellow Stock Performance

Shares of DYLLF opened at $1.18 on Wednesday. The company’s fifty day moving average is $1.01 and its 200-day moving average is $1.21. Deep Yellow has a 12 month low of $0.85 and a 12 month high of $2.10.

About Deep Yellow

Deep Yellow Limited is an Australia-based mineral exploration and development company focused on advancing uranium projects in Africa. Established in 1990 and headquartered in Perth, the company’s principal goal is to define and develop high-quality uranium resources to support global low-carbon energy solutions. Deep Yellow pursues a strategy of systematic exploration, resource delineation and feasibility studies aimed at delivering near-term production opportunities.

The company’s flagship assets are located in Namibia’s well-known uranium provinces, including the Tumas and Omahola project areas, where extensive drilling programs have identified significant mineralisation.