Free Trial

Dynacor Group (TSE:DNG) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Dynacor Group logo with Basic Materials background

Key Points

  • Dynacor Group's stock price has surpassed its fifty-day moving average, currently trading at C$4.74, up from a moving average of C$4.69.
  • Canaccord Genuity Group has upgraded Dynacor shares to a "strong-buy" rating, with the consensus rating also reflecting this sentiment.
  • The company has announced a monthly dividend of $0.0133, representing an annualized yield of 3.4% with a payout ratio of 19.64%.
  • Need better tools to track Dynacor Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Dynacor Group Inc. (TSE:DNG - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$4.69 and traded as high as C$4.80. Dynacor Group shares last traded at C$4.74, with a volume of 71,526 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Dynacor Group to a "strong-buy" rating in a report on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Check Out Our Latest Stock Report on Dynacor Group

Dynacor Group Trading Up 0.2%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.50 and a current ratio of 4.36. The stock has a fifty day moving average of C$4.70 and a 200 day moving average of C$4.86. The company has a market capitalization of C$139.28 million, a P/E ratio of 6.61 and a beta of 1.09.

Dynacor Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 19th were given a $0.0133 dividend. The ex-dividend date was Monday, August 11th. This represents a c) annualized dividend and a yield of 3.4%. Dynacor Group's dividend payout ratio (DPR) is currently 19.64%.

About Dynacor Group

(Get Free Report)

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.

Recommended Stories

Should You Invest $1,000 in Dynacor Group Right Now?

Before you consider Dynacor Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dynacor Group wasn't on the list.

While Dynacor Group currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November
HUGE Upside Ahead: The Fastest Growing ETFs in the Market

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines