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Dynacor Group (TSE:DNG) Share Price Crosses Above Fifty Day Moving Average - What's Next?

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%.
  • Five stocks we like better than Dynacor Group.

Dynacor Group Inc. (TSE:DNG - Get Free Report)'s share price 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 traded.

Analyst Ratings Changes

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

View Our Latest Report on Dynacor Group

Dynacor Group Price Performance

The stock has a market cap of C$136.32 million, a P/E ratio of 6.47 and a beta of 1.09. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is C$4.70 and its 200-day simple moving average is C$4.86.

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 dividend of $0.0133 per share. The ex-dividend date was Monday, August 11th. This represents a c) annualized dividend and a yield of 3.5%. Dynacor Group's dividend payout ratio is 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.

Further Reading

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