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home / news releases / DNGDF - Dynacor Group: 2024 Is Shaping Up As A Good Year

DNGDF - Dynacor Group: 2024 Is Shaping Up As A Good Year

Dynacor Gold Mines Inc

2024-03-27 03:57:20 ET

Summary

  • Dynacor Group booked record sales of $250.2 million for 2023 and I expect the net income to be around $15 million.
  • Dynacor Group expects to generate sales of $265-$285 million and a net income of $12-$15 million for 2024, and I think this seems conservative.
  • In my view, operating margin improvements from the expansion of Veta Grande haven't been priced in by the market yet.
  • With 2024 shaping up as a good year, I’m optimistic that Dynacor Group could be trading at above 10x P/E by the end of the year.

Investment thesis

For further details see:

Dynacor Group: 2024 Is Shaping Up As A Good Year
Stock Information
Company Name: Dynacor Gold Mines Inc
Stock Symbol: DNGDF
Market: OTC
Website: dynacor.com
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