EXHIBIT 5.1


       [LETTERHEAD OF DAVIS, GRAHAM & STUBBS, L.L.C. APPEARS HERE]








                              July 11, 1995


Dynamic Materials Corporation
551 Aspen Ridge Drive
Lafayette, Colorado  80026

     RE:  SALE OF COMMON STOCK PURSUANT TO REGISTRATION STATEMENT ON
          FORM S-8 COVERING DYNAMIC MATERIALS CORPORATION NONEMPLOYEE
          DIRECTOR STOCK OPTION PLAN

Ladies and Gentlemen:

     We have acted as counsel to Dynamic Materials Corporation (the
"Company") in connection with the registration by the Company of 100,000
shares of Common Stock, $.05 par value (the "Shares"), described in the
Registration Statement on Form S-8 of the Company being filed with the
Securities and Exchange Commission concurrently herewith.  The Shares
have been or may be issued by the Company pursuant to the Company's
Nonemployee Director Stock Option Plan (the "Plan"), which provides for
the grant of options to acquire shares of Common Stock of the Company in
accordance with the Plan.  In such connection we have examined certain
corporate records and proceedings of the Company, including actions
taken by the Company's Board of Directors in respect of the
authorization and issuance of the Shares to meet the requirements of the
Plan, and such other matters as we deemed appropriate.

     Based upon the foregoing, we are of the opinion that the Shares
have been duly authorized and, when issued as contemplated by the Plan
and the Registration Statement, will be legally issued, fully paid and
non-assessable shares of capital stock of the Company.

     We hereby consent to be named in the Registration Statement and in
the Prospectus constituting a part thereof, as amended from time to
time, as the attorneys who will pass upon legal matters in connection
with the issuance of the Shares, and to the filing of this opinion as an
exhibit to the aforesaid Registration Statement.

                                Very truly yours,



                                DAVIS, GRAHAM & STUBBS, L.L.C.