Dynacor Gold Mines Inc. (DNG) Plans $0.01 Quarterly Dividend

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Dynacor Gold Mines Inc. (TSE:DNG) declared a quarterly dividend on Tuesday, March 19th, TickerTech reports. Stockholders of record on Wednesday, April 3rd will be given a dividend of 0.01 per share on Wednesday, April 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, March 19th.

Shares of TSE DNG traded down C$0.01 during mid-day trading on Thursday, reaching C$1.77. 11,500 shares of the company’s stock were exchanged, compared to its average volume of 28,521. The stock has a market cap of $70.21 million and a PE ratio of 14.16. The company has a current ratio of 4.35, a quick ratio of 3.17 and a debt-to-equity ratio of 1.53. Dynacor Gold Mines has a 52-week low of C$1.41 and a 52-week high of C$1.98.

In related news, Director Jean Martineau sold 14,300 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$1.78, for a total transaction of C$25,454.00. Following the completion of the transaction, the director now directly owns 946,246 shares in the company, valued at approximately C$1,684,317.88.

Separately, Fundamental Research reiterated a “buy” rating and set a C$3.52 price target (down from C$3.75) on shares of Dynacor Gold Mines in a report on Thursday, November 22nd.

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Dynacor Gold Mines Company Profile

Dynacor Gold Mines Inc, through its subsidiaries, engages in processing, exploration, and development of mineral properties in Peru. The company primarily explores for gold, silver, copper, and precious metals. Its flagship property is the Tumipampa property covering an area of 9,756 hectares located in the province of Abancay, Peru.

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