Starcore International Mines Ltd. (TSE:SAM) shareholders that were waiting for something to happen have been dealt a blow with a 27% share price drop in the last month. Longer-term shareholders will rue the drop in the share price, since it’s now virtually flat for the year after a promising few quarters.
Following the heavy fall in price, Starcore International Mines may look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.3x, considering almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 3.1x and even P/S higher than 17x aren’t out of the ordinary. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
View our latest analysis for Starcore International Mines
