Q: Can you comment on quarterly results for dyncor gold please? Seems like another great quarter. How is its valuation? Thanks
5i Research Answer:
DNGat 9X earnings is quite cheap for the sector. With a 2.55% dividend that has shown some growth, a debt-free balance sheet ($22M cash) and good stock momentum, it looks good. There is only one analyst (sponsored by the company). Revenue of $67.7M beat estimates by 2%. DNG sees sales of $265M+ this year and has a 10% share buyback in place. Gold sales rose 31% in April. Its small size adds risk but the fundamentals look fine here.