Added to YB: 2024-05-17
Pitch date: 2024-05-16
DNG.TO [bullish]
Dynacor Group Inc.
-1.16%
current return
Author Info
No bio for this author
Company Info
Dynacor Group Inc. engages in the exploration, development, and mining of minerals properties in Peru.
Market Cap
CAD 141.1M
Pitch Price
CAD 5.11
Price Target
7.50 (+49%)
Dividend
3.39%
EV/EBITDA
3.40
P/E
8.20
EV/Sales
0.27
Sector
Metals and Mining
Category
growth
Dynacor Group – Q1 Financials; Large Beat on Earnings
DNG.TO: Q1 beats on revenue & cash flow from high gold prices, setting up record year. Cash at $28M, working capital $52M, negligible debt after $2.7M buyback. Maintaining guidance but likely to exceed $12-15M net income & $15-18M OCF targets. Growth ahead from new Peru plant & W. Africa expansion. Trades at discount 4.4x/3.7x 24E/25E EBITDA vs 8x/7.6x peers. Price target raised to C$7.50 on 9x OCF. Upside potential from $2000+ gold.
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