Lundin Mining Corporation (TSE:LUN) shareholders that were waiting for something to happen have been dealt a blow with a 27% share price drop in the last month. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 44% share price drop.
Although its price has dipped substantially, Lundin Mining may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 1.6x, since almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 2.9x and even P/S higher than 22x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
Check out our latest analysis for Lundin Mining
