Deep Yellow stock gained 4.61 percent as uranium rally widened

Published on 10/08/2026 at 03:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deep Yellow stock rose 4.61 percent to AUD 1.135 on October 7 as Google backed nuclear power demand. FY2026 net income reached AUD 13.33 million.

Deep Yellow, AU000000DYL4, Illustration mit AI erstellt.

Deep Yellow stock (ISIN AU000000DYL4) gained 4.61 percent to AUD 1.135 on the ASX on October 7, 2026. Engineering News reported that Australian uranium miners rallied after Google agreed to buy power from Constellation Energy, including a 20-year agreement covering 890 megawatts from nuclear plants.

Uranium demand lifts the sector

The move was Deep Yellow's strongest session since September 3, according to Engineering News. The report linked the broader advance to rising interest in nuclear power as data center operators seek dependable low-carbon electricity.

Deep Yellow remains a development-stage uranium company, with the Tumas project in Namibia its main growth asset. The market reaction therefore reflects both uranium-sector sentiment and the company's progress toward a final investment decision targeted for the fourth quarter of 2026.

Profit rose while revenue fell

For fiscal year 2026 ended June 30, 2026, Deep Yellow reported AUD 13.33 million of net income, up from AUD 7.16 million in fiscal year 2025. MarketScreener reported that revenue declined to AUD 7.43 million from AUD 11.59 million, while basic earnings per share increased to AUD 0.0137 from AUD 0.0074.

The profit comparison needs context. The fiscal 2026 result included a AUD 25.2 million reversal of earlier impairment charges on the Omahola project, as reported by Middle News. Cash and at-call deposits stood at AUD 159.6 million at June 30, 2026, compared with AUD 217.4 million a year earlier.

Analyst target remains above the stock

Canaccord Genuity retained a Speculative Buy rating and an AUD 2.90 price target in an October 6, 2026 uranium sector note, according to FNArena. The target lies 155.5 percent above the October 7 ASX price of AUD 1.135. The same report said Tumas civil and concrete construction was 79 percent complete and that the project had water and power agreements in place.

FNArena also listed Deep Yellow at AUD 1.120 on October 2, 2026, with a 52-week range of AUD 1.08 to AUD 2.97. Its 8.9 percent short interest adds a measurable counter-factor to the uranium optimism.

Stock gained to AUD 1.135

Deep Yellow stock was last at AUD 1.135 on the ASX on October 7, 2026, up 4.61 percent on the session. The combination of a dated sector catalyst, higher fiscal-year profit and a large analyst target spread leaves Tumas execution and future funding as the central valuation variables.