Loading...

Dynacor Gold Mines

TSX:DNG
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DNG
TSX
CA$68M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Dynacor Gold Mines Inc., through its subsidiaries, engages in processing, exploration, and development of mineral properties in Peru. The last earnings update was 132 days ago. More info.


Add to Portfolio Compare Print
DNG Share Price and Events
7 Day Returns
-2.3%
TSX:DNG
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-9.9%
TSX:DNG
-5.9%
CA Metals and Mining
0.7%
CA Market
DNG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dynacor Gold Mines (DNG) -2.3% -4.9% 3.6% -9.9% -24.1% -4.9%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • DNG underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • DNG underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
DNG
Industry
5yr Volatility vs Market

Value

 Is Dynacor Gold Mines undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dynacor Gold Mines to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dynacor Gold Mines.

TSX:DNG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:DNG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (1.68%))
1.131
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.131 * 5.96%)
8.69%

Discounted Cash Flow Calculation for TSX:DNG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dynacor Gold Mines is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:DNG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.69%)
2019 1.16 Est @ -26.08% 1.07
2020 0.96 Est @ -17.68% 0.81
2021 0.84 Est @ -11.79% 0.66
2022 0.78 Est @ -7.67% 0.56
2023 0.74 Est @ -4.78% 0.49
2024 0.72 Est @ -2.76% 0.44
2025 0.71 Est @ -1.35% 0.40
2026 0.71 Est @ -0.36% 0.36
2027 0.71 Est @ 0.33% 0.34
2028 0.72 Est @ 0.82% 0.31
Present value of next 10 years cash flows $5.43
TSX:DNG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.72 × (1 + 1.95%) ÷ (8.69% – 1.95%)
$10.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10.85 ÷ (1 + 8.69%)10
$4.72
TSX:DNG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5.43 + $4.72
$10.15
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $10.15 / 39.28
$0.26
TSX:DNG Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:DNG)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.26 x 1.333
CA$0.34
Value per share (CAD) From above. CA$0.34
Current discount Discount to share price of CA$1.73
= -1 x (CA$1.73 - CA$0.34) / CA$0.34
-402.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Dynacor Gold Mines is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dynacor Gold Mines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dynacor Gold Mines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:DNG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.12
TSX:DNG Share Price ** TSX (2019-03-20) in CAD CA$1.73
TSX:DNG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $1.3
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dynacor Gold Mines.

TSX:DNG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:DNG Share Price ÷ EPS (both in USD)

= 1.3 ÷ 0.12

10.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dynacor Gold Mines is good value based on earnings compared to the CA Metals and Mining industry average.
  • Dynacor Gold Mines is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Dynacor Gold Mines's expected growth come at a high price?
Raw Data
TSX:DNG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
39.6%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

TSX:DNG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.39x ÷ 39.6%

0.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dynacor Gold Mines is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Dynacor Gold Mines's assets?
Raw Data
TSX:DNG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $1.41
TSX:DNG Share Price * TSX (2019-03-20) in CAD CA$1.73
TSX:DNG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $1.3
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:DNG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:DNG Share Price ÷ Book Value per Share (both in USD)

= 1.3 ÷ 1.41

0.92x

* Primary Listing of Dynacor Gold Mines.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dynacor Gold Mines is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Dynacor Gold Mines's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Dynacor Gold Mines has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dynacor Gold Mines expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dynacor Gold Mines expected to grow at an attractive rate?
  • Dynacor Gold Mines's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Dynacor Gold Mines's earnings growth is expected to exceed the Canada market average.
  • Dynacor Gold Mines's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:DNG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:DNG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 39.6%
TSX:DNG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 13.3%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:DNG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:DNG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 123 9 8 1
2018-12-31 103 9 5 1
TSX:DNG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 107 8 5
2018-06-30 110 11 5
2018-03-31 104 9 5
2017-12-31 102 7 4
2017-09-30 95 8 3
2017-06-30 96 7 3
2017-03-31 96 6 4
2016-12-31 91 3 3
2016-09-30 91 3 3
2016-06-30 82 2 3
2016-03-31 81 4 3
2015-12-31 79 5 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dynacor Gold Mines's earnings are expected to grow significantly at over 20% yearly.
  • Dynacor Gold Mines's revenue is expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:DNG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Dynacor Gold Mines Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DNG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.19 0.19 0.19 1.00
2018-12-31 0.12 0.12 0.12 1.00
TSX:DNG Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.12
2018-06-30 0.14
2018-03-31 0.12
2017-12-31 0.10
2017-09-30 0.07
2017-06-30 0.07
2017-03-31 0.09
2016-12-31 0.09
2016-09-30 0.09
2016-06-30 0.07
2016-03-31 0.07
2015-12-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dynacor Gold Mines will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dynacor Gold Mines's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dynacor Gold Mines has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dynacor Gold Mines performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dynacor Gold Mines's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dynacor Gold Mines's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Dynacor Gold Mines's 1-year earnings growth exceeds its 5-year average (84.4% vs -19.2%)
  • Dynacor Gold Mines's earnings growth has exceeded the CA Metals and Mining industry average in the past year (84.4% vs -23.7%).
Earnings and Revenue History
Dynacor Gold Mines's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dynacor Gold Mines Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DNG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 107.40 4.93 4.50
2018-06-30 109.76 5.47 4.19
2018-03-31 103.56 4.50 3.91
2017-12-31 101.69 3.84 3.87
2017-09-30 95.31 2.67 4.16
2017-06-30 95.83 2.74 4.45
2017-03-31 95.60 3.53 4.79
2016-12-31 91.30 3.29 4.94
2016-09-30 90.69 3.44 5.13
2016-06-30 81.85 2.80 5.08
2016-03-31 80.55 2.55 5.33
2015-12-31 78.87 3.16 5.23
2015-09-30 82.50 4.15 5.23
2015-06-30 88.05 5.31 5.58
2015-03-31 94.61 6.54 5.40
2014-12-31 88.17 6.10 5.27
2014-09-30 87.92 6.89 5.45
2014-06-30 92.00 8.12 5.44
2014-03-31 91.09 7.01 5.45
2013-12-31 112.13 9.13 5.80
2013-09-30 118.74 8.98 5.88
2013-06-30 119.98 8.72 5.68
2013-03-31 114.69 8.96 5.42
2012-12-31 104.99 7.72 5.19
2012-09-30 95.33 6.09 4.87
2012-06-30 86.01 5.06 4.64
2012-03-31 83.55 6.44 4.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dynacor Gold Mines has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dynacor Gold Mines used its assets more efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Dynacor Gold Mines's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dynacor Gold Mines's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dynacor Gold Mines has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dynacor Gold Mines's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dynacor Gold Mines's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dynacor Gold Mines is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dynacor Gold Mines's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dynacor Gold Mines's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 28.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dynacor Gold Mines Company Filings, last reported 5 months ago.

TSX:DNG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 56.04 0.86 11.13
2018-06-30 55.75 0.50 10.82
2018-03-31 54.36 0.42 8.55
2017-12-31 52.39 0.49 4.85
2017-09-30 50.93 4.98 10.64
2017-06-30 49.63 6.54 9.50
2017-03-31 49.23 6.47 8.67
2016-12-31 48.19 6.49 6.19
2016-09-30 47.86 6.31 6.98
2016-06-30 46.42 4.34 5.13
2016-03-31 43.72 4.99 7.30
2015-12-31 42.92 0.48 6.15
2015-09-30 41.18 0.48 10.11
2015-06-30 40.40 0.47 13.33
2015-03-31 39.19 0.39 14.53
2014-12-31 37.85 0.45 14.01
2014-09-30 36.99 0.51 14.26
2014-06-30 34.85 0.39 11.67
2014-03-31 32.77 0.28 8.88
2013-12-31 31.82 0.32 8.47
2013-09-30 29.62 0.34 10.29
2013-06-30 26.31 0.40 10.04
2013-03-31 25.32 1.46 6.37
2012-12-31 22.26 1.41 3.31
2012-09-30 20.16 1.39 3.61
2012-06-30 17.32 1.40 2.49
2012-03-31 16.00 1.47 2.68
  • Dynacor Gold Mines's level of debt (1.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.2% vs 1.5% today).
  • Debt is well covered by operating cash flow (953.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.9x coverage).
X
Financial health checks
We assess Dynacor Gold Mines's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dynacor Gold Mines has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dynacor Gold Mines's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.3%
Current annual income from Dynacor Gold Mines dividends.
If you bought CA$2,000 of Dynacor Gold Mines shares you are expected to receive CA$46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dynacor Gold Mines's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
  • Dynacor Gold Mines's dividend is below the markets top 25% of dividend payers in Canada (5.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:DNG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:DNG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31
TSX:DNG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.030 2.275
2018-11-29 0.029 2.409
2018-08-21 0.030 2.545

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Dynacor Gold Mines has stable dividend payments.
  • Dynacor Gold Mines only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Dynacor Gold Mines's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (16.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dynacor Gold Mines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dynacor Gold Mines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dynacor Gold Mines has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dynacor Gold Mines's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jean Martineau
COMPENSATION $442,474
AGE 68
TENURE AS CEO 11.4 years
CEO Bio

Mr. Jean E. Martineau has been a Director of Argex Titanium Inc. since June 27, 2018. He has been the Chief Executive Officer and President of Dynacor Gold Mines Inc. since October 2007. Mr. Martineau served as the Chief Executive Officer of Malaga Inc. until November 2011. He served as the President of Malaga Inc. since 1996 until 2011. From 1993 to 1995, Mr. Martineau served as in charge of public relations for another publicly traded exploration company and from 1988 to 1992, he served as an Assistant Manager for a paper and pulp mill in South America. From 1987 to 1988, he served as a stockbroker for a large Canadian brokerage company. he has worked in the Canadian mining industry for more than 25 years as a director of junior exploration companies and an investment broker. Over the last 20 years, he has focused on South America and has acquired in-depth knowledge of the management of natural resource companies in South America. Prior to work in the mining industry, he worked in the Pulp and Paper industry for more than 12 years, where his last assignment was in Venezuela. He has been the Chairman of Malaga Inc. (formerly, Dynacor Mines Inc) since 1996. He served as the Chairman of Dynacor Gold Mines Inc., a subsidiary of Malaga Inc., from 2007 to June 2010. He has been a Director of Malaga Inc. since June 1996. He has been a Director of Dynacor Gold Mines Inc. since 2007. He serves as Director of Capital Wapiti Inc. He has been a Director of Investus Real Estate Inc. since March 2007 until April 2009. He was a Member of advisory board at TomaGold Corporation since August 2017. Mr. Martineau served as a Director at Wesdome Gold Mines Inc. (formerly, River Gold Mines Ltd.) at Western Quebec Mines Inc. from 1999 to July 2007. He has Bachelor's degree in Commerce from the University of Ottawa in 1964.

CEO Compensation
  • Jean's compensation has increased by more than 20% in the past year.
  • Jean's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Dynacor Gold Mines management team in years:

9.4
Average Tenure
64
Average Age
  • The average tenure for the Dynacor Gold Mines management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean Martineau

TITLE
President
COMPENSATION
$442K
AGE
68
TENURE
11.4 yrs

Léonard Teoli

TITLE
VP & CFO
COMPENSATION
$323K
TENURE
7.3 yrs

Jorge Cárdenas

TITLE
Vice-President of Operations
COMPENSATION
$238K
TENURE
0.6 yrs

Dale Nejmeldeen

TITLE
Director of Investor Relations

Alonso Torres

TITLE
Chief Geologist and General Manager of Tumipampa SAC
COMPENSATION
$123K

René Branchaud

TITLE
Corporate Secretary
COMPENSATION
$1K
AGE
58
TENURE
12.2 yrs

Richard Devitre

TITLE
Consultant
COMPENSATION
$61K
AGE
64
Board of Directors Tenure

Average tenure of the Dynacor Gold Mines board of directors in years:

3.8
Average Tenure
  • The tenure for the Dynacor Gold Mines board of directors is about average.
Board of Directors

Pierre Lépine

TITLE
Chairman of the Board
COMPENSATION
$53K
TENURE
1.4 yrs

Jean Martineau

TITLE
President
COMPENSATION
$442K
AGE
68
TENURE
12.2 yrs

Roger Demers

TITLE
Director
COMPENSATION
$61K
TENURE
10.2 yrs

Marc Duchesne

TITLE
Director
COMPENSATION
$57K
TENURE
3.8 yrs

Eddy Canova

TITLE
Director
COMPENSATION
$47K
TENURE
10.2 yrs

Réjean Gourde

TITLE
Director
TENURE
1.2 yrs

Isabel Rocha

TITLE
Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Dynacor Gold Mines insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Mar 19 Sell Jean Martineau Individual 07. Mar 19 11. Mar 19 -56,000 CA$1.79 CA$-99,112
27. Nov 18 Buy Isabel Rocha Individual 27. Nov 18 27. Nov 18 3,425 CA$1.45 CA$4,973
05. Oct 18 Sell Eddy Canova Individual 04. Oct 18 04. Oct 18 -3,000 CA$1.56 CA$-4,680
28. Sep 18 Sell Eddy Canova Individual 27. Sep 18 27. Sep 18 -3,000 CA$1.60 CA$-4,787
28. Sep 18 Buy Pierre Lépine Individual 28. Sep 18 28. Sep 18 12,500 CA$1.60 CA$19,987
25. Sep 18 Sell Eddy Canova Individual 24. Sep 18 24. Sep 18 -8,000 CA$1.64 CA$-13,010
09. Jul 18 Sell Eddy Canova Individual 28. Jun 18 29. Jun 18 -8,000 CA$1.73 CA$-13,750
13. Jun 18 Sell René Branchaud Individual 11. Jun 18 11. Jun 18 -33,600 CA$1.83 CA$-61,488
07. Jun 18 Sell René Branchaud Individual 06. Jun 18 06. Jun 18 -41,400 CA$1.84 CA$-76,176
29. May 18 Sell René Branchaud Individual 28. May 18 28. May 18 -25,000 CA$1.85 CA$-46,250
X
Management checks
We assess Dynacor Gold Mines's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dynacor Gold Mines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Dynacor Gold Mines Inc. (TSE:DNG): Ex-Dividend Is In 2 Days

Investors who want to cash in on Dynacor Gold Mines Inc.'s (TSE:DNG) upcoming dividend of US$0.01 per share have only 2 days left to buy the shares before its ex-dividend date, 19 March 2019, in time for dividends payable on the 03 April 2019. … 5 checks you should use to assess a dividend stock? … If you are a dividend investor, you should always assess these five key metrics:?

Simply Wall St -

How Does Dynacor Gold Mines Inc. (TSE:DNG) Fare As A Dividend Stock?

Dynacor Gold Mines Inc. … Let's dig deeper into whether Dynacor Gold Mines should have a place in your portfolio. … See our latest analysis for Dynacor Gold Mines

Simply Wall St -

Does Dynacor Gold Mines Inc. (TSE:DNG) Create Value For Shareholders?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.088 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

A Close Look At Dynacor Gold Mines Inc.’s (TSE:DNG) 13% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Dynacor Gold Mines Inc. (TSE:DNG) Potentially Underrated?

(TSE:DNG) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of DNG, it

Simply Wall St -

4 Days Left Until Dynacor Gold Mines Inc. (TSE:DNG) Trades Ex-Dividend

Have you been keeping an eye on Dynacor Gold Mines Inc.'s (TSE:DNG) upcoming dividend of US$0.01 per share payable on the 03 January 2019? … Below, I will explain how holding Dynacor Gold Mines can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

Does Dynacor Gold Mines Inc's (TSE:DNG) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Dynacor Gold Mines Inc's (TSE:DNG) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 8.87 = $1.11 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.12

Simply Wall St -

Is Dynacor Gold Mines Inc's (TSE:DNG) CEO Being Overpaid?

In 2007 Jean Martineau was appointed CEO of Dynacor Gold Mines Inc (TSE:DNG). … We examined a group of similar sized companies, with market capitalizations of below CA$261m. … It would therefore appear that Dynacor Gold Mines Inc pays Jean Martineau more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

With An ROE Of 9.82%, Has Dynacor Gold Mines Inc's (TSE:DNG) Management Done Well?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … With an ROE of 9.82%, Dynacor Gold Mines Inc (TSE:DNG) returned in-line to its own industry which delivered 11.23% over the past year. … Check out our latest analysis for Dynacor Gold Mines

Simply Wall St -

Spotlight On Dynacor Gold Mines Inc's (TSE:DNG) Fundamentals

Dynacor Gold Mines Inc (TSE:DNG) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of DNG, it

Simply Wall St -

Company Info

Description

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. The company was formerly known as Dynacor Mines Inc. and changed its name to Dynacor Gold Mines Inc. in April 2007. Dynacor Gold Mines Inc. was founded in 1996 and is headquartered in Montreal, Canada.

Details
Name: Dynacor Gold Mines Inc.
DNG
Exchange: TSX
Founded: 1996
CA$67,953,571
39,279,521
Website: http://www.dynacorgold.com
Address: Dynacor Gold Mines Inc.
625 René-Lévesque Boulevard West,
Suite 1105,
Montreal,
Quebec, H3B 1R2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DNG Common Shares The Toronto Stock Exchange CA CAD 24. Oct 2007
OTCPK DNGD.F Common Shares Pink Sheets LLC US USD 24. Oct 2007
DB DGF Common Shares Deutsche Boerse AG DE EUR 24. Oct 2007
Number of employees
Current staff
Staff numbers
350
Dynacor Gold Mines employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:13
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2018/11/20
Last earnings filing: 2018/11/09
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.