TSX:DNG - Post Discussion
Post by
retiredcf on Jan 26, 2022 8:49am
Ink Research
Overview: Sentiment and Stocks
We continue with our look at what stock insiders are buying as investors sell stocks ahead of the Wednesday Federal Reserve policy statement. While the central bank is not expected to raise rates this afternoon, investors are nervous about how hawkish the monetary policymakers will turn. As we saw yesterday, insiders are buying resource stocks. Today, we look at buying in two gold miners.
We featured specialty gold miner Dynacor Gold Mines (DNG) here last May 6th. At the time, we noted that the firm had a distinct business model where the company purchases ore from local government-registered artisanal ore producers in Peru. The ore is processed at its wholly-owned Veta Dorada milling facility. On January 19th, the company reported that it had US$195.9 million in gold sales in 2021 which was above guidance. DNG is currently working on 2022 guidance. Since our May report, the stock has advanced 21.7%, significantly outperforming the Basic Materials sector (-4.3%). On Monday, a director was buying.
Be the first to comment on this post