Dynacor Gold Mines Inc (TSE:DNG)
TSX:DNG
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Dynacor Gold Mines
(TSX:DNG)
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Rating:78Outperform
Price Target:
C$7.50
▲(19.43% Upside)
Action:Upgraded
Date:05/15/26
The score is driven primarily by strong financial strength (especially a very low-debt balance sheet) and an attractive valuation (low P/E with a dividend). The main risk tempering the score is the recent deterioration in cash flow versus earnings, while technical signals are supportive but not strongly momentum-driven.
Positive Factors
Conservative balance sheet
Extremely low leverage gives durable financial flexibility, lowers solvency risk and preserves optionality to fund capex, working capital or acquisitions from internal or low-cost external sources. This structural strength supports multi-quarter resilience to commodity swings.
Negative Factors
Deteriorating cash generation
Negative operating and free cash flow over the TTM period creates persistent funding risk despite strong earnings. Over several quarters this can force higher working-capital financing, constrain reinvestment, and elevate reliance on external liquidity even with a conservative balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage gives durable financial flexibility, lowers solvency risk and preserves optionality to fund capex, working capital or acquisitions from internal or low-cost external sources. This structural strength supports multi-quarter resilience to commodity swings.
Read all positive factors
Dynacor Gold Mines (DNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$261.30M
Dividend Yield2.78%
Average Volume (3M)105.36K
Price to Earnings (P/E)6.1
Beta (1Y)1.48
Revenue Growth57.78%
EPS Growth20.76%
CountryCA
Employees575
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.55
Shares Outstanding41,942,470
10 Day Avg. Volume101,834
30 Day Avg. Volume105,365
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)1.32
Price to Sales (P/S)0.44
P/FCF Ratio56.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.50Price Target Upside35.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.78
Revenue Forecast (FY)C$784.44M
Dynacor Gold Mines Business Overview & Revenue Model
Company Description
Dynacor Group Inc. engages in the exploration, development, and mining of minerals properties in Peru. It explores for gold, silver, and copper deposits. The company holds interest in the Tumipampa property covering an area of 7,027 hectares locat...
How the Company Makes Money
Dynacor primarily makes money by buying gold-bearing ore from artisanal and small-scale miners and other third-party suppliers, processing that ore at its own plants, and selling the resulting gold output. Its revenue model is therefore driven by ...
Dynacor Gold Mines Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 471.30M | 404.55M | 284.40M | 250.19M | 197.55M | 195.91M |
| Gross Profit | 51.41M | 43.59M | 35.80M | 30.20M | 24.43M | 27.06M |
| EBITDA | 40.45M | 31.31M | 30.80M | 26.61M | 21.53M | 23.46M |
| Net Income | 23.45M | 21.66M | 16.88M | 15.07M | 12.01M | 11.78M |
Balance Sheet | ||||||
| Total Assets | 183.69M | 181.13M | 125.26M | 111.78M | 96.90M | 91.36M |
| Cash, Cash Equivalents and Short-Term Investments | 30.68M | 33.43M | 24.88M | 22.48M | 25.41M | 26.91M |
| Total Debt | 513.21K | 518.41K | 1.11M | 635.69K | 701.23K | 343.97K |
| Total Liabilities | 42.47M | 46.47M | 26.10M | 22.19M | 16.62M | 19.35M |
| Stockholders Equity | 141.22M | 134.66M | 99.16M | 89.59M | 80.28M | 72.01M |
Cash Flow | ||||||
| Free Cash Flow | -22.65M | 3.12M | 10.87M | 3.04M | 2.57M | 18.42M |
| Operating Cash Flow | -685.93K | 12.18M | 16.13M | 9.61M | 6.23M | 21.87M |
| Investing Cash Flow | -15.46M | -13.09M | -11.16M | -6.45M | -3.51M | -3.21M |
| Financing Cash Flow | -6.48M | 14.31M | -7.56M | -6.28M | -4.22M | -3.41M |
Dynacor Gold Mines Technical Analysis
Positive
6.28
Price Trends
6.01
Positive
5.80
Positive
5.18
Positive
Market Momentum
0.09
Negative
59.98
Neutral
71.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DNG, the sentiment is Positive. The current price of 6.28 is above the 20-day moving average (MA) of 5.82, above the 50-day MA of 6.01, and above the 200-day MA of 5.18, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 59.98 is Neutral, neither overbought nor oversold. The STOCH value of 71.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DNG.
Dynacor Gold Mines Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$261.30M | 6.13 | 13.91% | 2.78% | 57.78% | 20.76% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$285.95M | -385.66 | 4.67% | 2.07% | 20.80% | 203.88% | |
48 Neutral | C$109.85M | -53.73 | -8.34% | ― | -2.37% | -129.48% | |
43 Neutral | C$259.87M | -79.39 | -10.51% | ― | ― | 41.85% |
* Basic Materials Sector Average
TSE:DNG
Dynacor Gold Mines
6.23
1.75
39.09%
TSE:ELO
Eloro Resources
2.32
1.30
127.45%
TSE:SOMA
Soma Gold
0.93
0.05
5.68%
TSE:FISH
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3.75
1.79
90.94%
TSE:CERT
Cerrado Gold
1.77
1.17
195.00%
Dynacor Gold Mines Corporate Events
Business Operations and StrategyExecutive/Board Changes
Dynacor Names New CEO as Founder Retires and Global Expansion Accelerates
Positive
Apr 14, 2026
Dynacor Group announced that long-serving President and CEO Jean Martineau will retire following the June 2026 annual shareholder meeting, with current COO Daniel Misiano set to assume the top role and Martineau remaining on the board. The leaders...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Dynacor Posts Record 2025 Results as Global Expansion Gains Momentum
Positive
Apr 1, 2026
Dynacor Group reported a record year in 2025, buoyed by strong gold prices and higher production from its ore processing operations, with sales jumping nearly 40% to $397.6 million and net income rising to $21.3 million. The company, which remains...
Business Operations and StrategyDividends
Dynacor Declares April 2026 Monthly Dividend and Highlights Artisanal Gold Model
Positive
Mar 24, 2026
Dynacor Group Inc., a Canadian ore processor focused on responsibly sourced artisanal gold, operates the Veta Dorada plant in Peru and is expanding into West Africa and broader Latin America. Its PX Impact® gold line channels a price premium ...
Business Operations and Strategy
Dynacor Advances Senegal and Ecuador Gold Plants, Eyes Expansion into Ghana
Positive
Mar 11, 2026
Dynacor reported steady progress on its international expansion, confirming that its new gold ore processing plants in Senegal and Ecuador remain on schedule to treat first ore in 2026. The company highlighted its strategy of leveraging modular pl...
Business Operations and StrategyDividends
Dynacor Declares March 2026 Monthly Dividend for Shareholders
Positive
Feb 25, 2026
Dynacor Group Inc., a Canadian industrial ore processor specializing in responsibly sourced artisanal gold, operates the Veta Dorada plant and a gold exploration property in Peru while pursuing expansion in West Africa and Latin America. Its PX Im...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.