Free Trial

Dynacor Group (TSE:DNG) Stock Passes Above 50 Day Moving Average - What's Next?

Dynacor Group logo with Basic Materials background

Key Points

  • Dynacor Group's stock crossed above its fifty-day moving average, trading at C$4.74 with a high of C$4.80.
  • Canaccord Genuity has upgraded Dynacor Group to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
  • The company announced a monthly dividend of $0.0133 per share, set to be paid on October 16th, representing a 3.4% dividend yield.
  • Interested in Dynacor Group? Here are five stocks we like better.

Shares of Dynacor Group Inc. (TSE:DNG - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$4.73 and traded as high as C$4.80. Dynacor Group shares last traded at C$4.74, with a volume of 38,880 shares.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on DNG

Dynacor Group Stock Performance

The company has a market cap of C$198.44 million, a P/E ratio of 11.56 and a beta of 0.45. The stock has a 50 day moving average price of C$4.73 and a two-hundred day moving average price of C$4.71. The company has a quick ratio of 3.50, a current ratio of 4.36 and a debt-to-equity ratio of 0.59.

Dynacor Group Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 16th will be issued a dividend of $0.0133 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Dynacor Group's dividend payout ratio (DPR) is currently 26.49%.

Dynacor Group Company Profile

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

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