Dynacor Group (TSE:DNG) Upgraded by Canaccord Genuity Group to Strong-Buy Rating

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

Dynacor Group Trading Down 1.1%

TSE DNG opened at C$4.52 on Friday. 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 company has a market capitalization of C$133.66 million, a price-to-earnings ratio of 6.34 and a beta of 1.09. The company’s 50-day simple moving average is C$4.69 and its two-hundred day simple moving average is C$5.33. Dynacor Group has a one year low of C$4.00 and a one year high of C$6.25.

Dynacor Group Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 18th will be given 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 of this dividend is Wednesday, June 11th. Dynacor Group’s dividend payout ratio (DPR) is 19.64%.

Dynacor Group Company Profile

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.