Dynacor Group Inc (TSX-DNG) has achieved a notable milestone by securing the 27th position on the TSX30 2024 ranking, which highlights the top 30 performing companies on the Toronto Stock Exchange over the past three years. Jean Martineau, President and CEO of Dynacor, expressed pride in this accomplishment, noting, “We are thrilled to announce that Dynacor Group has made it onto the TSX30 2024 list. This achievement marks a significant milestone in Dynacor’s history and reflects our company’s impressive growth in recent years.”
Martineau emphasized that being included in the TSX30 2024 not only highlights the value Dynacor brings to its shareholders but also acknowledges the dedication, perseverance, and adaptability of the company’s employees in navigating fluctuating markets. “We remain committed to advancing our strategic vision with integrity and continuing to deliver exceptional value to our shareholders. Additionally, we will persist in supporting sustainability initiatives that create shared value with our stakeholders,” he added.
Over the past three years (June 30, 2021 – June 30, 2024), Dynacor has experienced remarkable growth, with a 136% rise in share price and a 101% increase in market capitalization during this period.
The TSX30 2024 list features companies with a combined market capitalization of US$380 billion, marking a more than 50% increase (US$210 billion) over the past three years. This growth highlights the significant value creation by major TSX-listed companies for the Canadian economy.
Established in 2019, the TSX30 ranking reflects a growing trend among investors towards value investing, favoring companies with strong cash flows and reliable dividends. This trend underscores the appeal of stable, cash-generating businesses in an unpredictable market.
The list is predominantly represented by three sectors: oil & gas, industrial products & services, and mining, which together make up 25 of the 30 listed companies. This significant representation underscores the critical role these industries play in Canada’s economic development.
Veta Dorada
Through its subsidiary Veta Dorada, Dynacor has achieved a top 10 ranking among gold producers in Peru.
For more details, visit TMX.
