Dynacor Gold Mines (DNG) AI Stock Analysis

• Market Cap: C$261.15M
• Dividend Yield: 2.78%
• Average Volume (3M): 105.36K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.22
• Revenue Growth: 23.58%
• EPS Growth: -21.41%
• Country: CA
• Employees: 575
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.17
• Shares Outstanding: 41,917,473
• 10 Day Avg. Volume: 101,834
• 30 Day Avg. Volume: 105,365
• PEG Ratio: 0.58
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 13.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$8.96
• Price Target Upside: 51.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: C$7.00 ▲(18.64% Upside)

The score is driven by strong technical uptrend signals and an attractive valuation (low P/E with a dividend), supported by a very strong balance sheet. The main constraint is cash flow quality, including sharp negative free cash flow growth and weaker operating cash flow coverage of net income.

Positive Factors

Very low leverage

A debt-to-equity of 0.0056 implies minimal leverage, giving Dynacor flexibility to withstand commodity cycles, finance working capital or opportunistic investments internally, and maintain capital returns. Low leverage supports resilience and strategic optionality over months.

Steady revenue growth

TTM revenue up 7.88% indicates recurring demand for processing services and gold sales. Persistent top-line growth reflects scalable throughput at the plant and steady ore inflows, underpinning longer-term earnings capacity and funding for sustainment capex and operations.

Fee-based processing business model

A fee-for-service processing model reduces exposure to exploration risk and provides predictable service revenue. Strategic partnerships with local miners help secure feedstock, supporting higher plant utilization and more reliable cash generation versus pure exploration peers over time.

Negative Factors

Weak operational cash generation

Negative FCF growth of -350.93% and operating cash flow below net income indicate earnings are not fully converting to cash. This undermines internal funding for capex, dividends and growth, may require external financing, and weakens earnings quality over coming quarters.

Margin pressure

Moderate gross (10.61%) and net (5.25%) margins with year-over-year declines signal limited pricing power or rising costs. Narrowing margins reduce the cushion against input or regulatory shocks, constraining free cash flow and reinvestment capacity over the medium term.

Concentration on artisanal miner supply

Reliance on artisanal and small-scale miners creates supply variability and inconsistent ore quality, and exposes the business to local regulatory, social and compliance risks. Such concentration increases operational volatility and long-term uncertainty in throughput and margins.

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 located in Peru. In addition, it holds 100% interest in the greenfield Anta silver/gold/copper exploration project located in Southern Peru. The company was formerly known as Dynacor Gold Mines Inc. and changed its name to Dynacor Group Inc. in June 2022. Dynacor Group Inc. was incorporated in 2006 and is headquartered in Montreal, Canada.

How the Company Makes Money

Dynacor Gold Mines generates revenue primarily through the processing of gold ore from artisanal and small-scale miners. The company's processing plant has the capacity to treat a significant volume of ore, allowing it to earn a fee for the services provided to these miners. Additionally, Dynacor sells the gold it produces to various buyers, including refiners and other gold market participants. The company benefits from strategic partnerships with local miners, which ensure a steady supply of ore. Factors contributing to its earnings include the efficiency of its processing operations, fluctuations in gold prices, and the demand for gold in the marketplace.

Dynacor Gold Mines Financial Statement Overview

Summary

Strong balance sheet strength (very low debt-to-equity and healthy ROE) and steady TTM revenue growth support the score. This is partly offset by slightly softer profitability margins versus last year and notable cash flow weakness (sharp negative free cash flow growth and operating cash flow not fully covering net income).

Income Statement

Dynacor Gold Mines shows a steady revenue growth trajectory with a 7.88% increase in TTM. The gross profit margin is moderate at 10.61%, and the net profit margin is stable at 5.25%. However, the margins have slightly decreased compared to the previous year, indicating some pressure on profitability. Overall, the company maintains a solid EBIT and EBITDA margin, reflecting operational efficiency.

Balance Sheet

The company has a very low debt-to-equity ratio of 0.0056, indicating minimal leverage and strong financial stability. The return on equity is healthy at 14.54%, showcasing effective use of shareholder funds. The equity ratio is robust, suggesting a strong capital structure with a significant portion of assets financed by equity.

Cash Flow

The cash flow statement reveals challenges with negative free cash flow growth of -350.93% in TTM, indicating cash flow issues. The operating cash flow to net income ratio is below 1, suggesting that cash generation from operations is not fully covering net income. However, the free cash flow to net income ratio is relatively strong at 59.58%, indicating some resilience in cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	333.25M	284.40M	250.19M	197.55M	195.91M	101.53M
Gross Profit	34.16M	35.80M	30.20M	24.43M	27.06M	13.61M
EBITDA	27.69M	30.80M	26.61M	21.53M	23.46M	11.65M
Net Income	15.80M	16.88M	15.07M	12.01M	11.78M	4.33M
Balance Sheet
Total Assets	166.60M	125.26M	111.78M	96.90M	91.36M	76.30M
Cash, Cash Equivalents and Short-Term Investments	36.24M	24.88M	22.48M	25.41M	26.91M	11.87M
Total Debt	688.53K	1.11M	635.69K	701.23K	343.97K	706.75K
Total Liabilities	37.81M	26.10M	22.19M	16.62M	19.35M	13.55M
Stockholders Equity	128.78M	99.16M	89.59M	80.28M	72.01M	62.74M
Cash Flow
Free Cash Flow	-20.42M	10.87M	3.04M	2.57M	18.42M	10.34M
Operating Cash Flow	-3.03M	16.13M	9.61M	6.23M	21.87M	11.22M
Investing Cash Flow	-16.87M	-11.16M	-6.45M	-3.51M	-3.21M	-769.83K
Financing Cash Flow	14.34M	-7.56M	-6.28M	-4.22M	-3.41M	-5.33M

Dynacor Gold Mines Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DNG, the sentiment is Neutral. The current price of 5.9 is below the 20-day moving average (MA) of 6.41, above the 50-day MA of 5.65, and above the 200-day MA of 4.85, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 44.77 is Neutral, neither overbought nor oversold. The STOCH value of 31.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:DNG.

Dynacor Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DNG	77 Outperform	C$261.15M	11.43	13.91%	2.78%	23.58%	-21.41%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FISH	61 Neutral	$305.02M	185.19	3.44%	2.07%	5.24%	-17.24%
SOMA	60 Neutral	C$245.38M	19.85	58.09%	―	12.05%	―
ELO	59 Neutral	C$313.82M	-33.33	-10.89%	―	―	44.76%
LN	58 Neutral	C$243.19M	-35.19	-19.45%	―	―	80.28%

Dynacor Gold Mines Corporate Events

Dynacor Declares Eligible Monthly Dividend for February 2026

Dynacor Group’s board has declared a monthly cash dividend of C$0.01333 per share, equivalent to C$0.16 on an annualized basis, for February 2026, payable on February 17 to shareholders of record on February 9, 2026. The dividend is designated as an eligible dividend for Canadian tax purposes and its continuation remains subject to board discretion based on the company’s financial performance, cash requirements and outlook, underscoring Dynacor’s ongoing commitment to shareholder returns while balancing growth and operational priorities.

The most recent analyst rating on (TSE:DNG) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.

Dynacor Tops 2025 Guidance and Sets Higher 2026 Targets on Global Expansion

Dynacor reported preliminary 2025 results showing it exceeded its revised annual production guidance with 113,791 gold-equivalent ounces and delivered record sales of $397.6 million, supported by strong fourth-quarter output and improved operational efficiencies. For 2026, the company issued guidance calling for higher sales of $530–$580 million, production of 125,000–135,000 gold-equivalent ounces, and net income of $22–$26 million, underpinned by ongoing optimization in Peru and the initial ramp-up of new processing plants in Ecuador and Senegal, where it is investing heavily in capacity and infrastructure while maintaining monthly dividends, signaling confidence in sustained growth and shareholder returns.

The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.

Dynacor Extends Dividend Streak With January 2026 Payout

Dynacor Group’s board has declared a monthly dividend of C$0.01333 per common share for January 2026, maintaining the payout at its current nominal level and extending the company’s track record into an eighth consecutive year of dividends, with a cumulative C$0.68 per share declared since the third quarter of 2018. The dividend, designated as an eligible dividend for Canadian tax purposes, underscores the board’s continued confidence in Dynacor’s financial position, though management notes that any future adjustments will remain contingent on operating results, cash needs, and broader business prospects.

The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.

Dynacor Group Announces December 2025 Dividend Payment

Dynacor Group Inc. announced its December 2025 monthly dividend of C$0.01333 per common share, payable on December 19, 2025, to shareholders of record as of December 9, 2025. This marks the company’s 69th dividend and highlights its commitment to providing returns to shareholders. The dividend is classified as an ‘eligible dividend’ for Canadian tax purposes, and its continuation depends on the company’s financial performance and strategic considerations.

The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.

Dynacor Achieves Record Q3 Sales and Advances Global Expansion

Dynacor Gold Mines reported record sales and EBITDA for the third quarter of 2025, despite facing ore supply disruptions. The company achieved strong financial results due to higher gold prices and consistent mill performance, with record sales of $100.5 million and EBITDA of $9.0 million. Additionally, Dynacor is advancing its expansion projects in Ecuador, Senegal, and Ghana, which are expected to enhance its production capacity and operational footprint.

The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.