Royal Bank Of Canada Upgrades Deep Yellow (OTCMKTS:DYLLF) to Moderate Buy

Deep Yellow (OTCMKTS:DYLLF) was upgraded by investment analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued to investors on Wednesday, Zacks reports.

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

Deep Yellow Trading Up 7.3%

Shares of OTCMKTS DYLLF opened at $1.18 on Wednesday. Deep Yellow has a 52-week low of $0.85 and a 52-week high of $2.10. The firm’s fifty day moving average is $1.01 and its two-hundred day moving average is $1.21.

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.