Canaccord Genuity Group Upgrades Dynacor Group (TSE:DNG) to “Strong-Buy”

Canaccord Genuity Group upgraded shares of Dynacor Group (TSE:DNG) to a strong-buy rating in a research report report published on Friday,Zacks.com reports.

Dynacor Group Stock Down 1.1%

DNG stock opened at C$4.52 on Friday. Dynacor Group has a twelve month low of C$4.00 and a twelve month high of C$6.25. The company has a market cap of C$133.66 million, a PE ratio of 6.34 and a beta of 1.09. The business’s 50-day simple moving average is C$4.69 and its 200 day simple moving average is C$5.33. 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 business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.0133 per share. This represents a $0.16 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Wednesday, June 11th. Dynacor Group’s payout ratio is 19.64%.

About Dynacor Group

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.