Lundin Mining Corporation’s (TSE:LUN) Shares Bounce 28% But Its Business Still Trails The Industry

Despite an already strong run, Lundin Mining Corporation (TSE:LUN) shares have been powering on, with a gain of 28% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 43% in the last year.

Although its price has surged higher, Lundin Mining may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 3.4x, considering almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 5.7x and even P/S higher than 35x aren’t out of the ordinary. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.

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See our latest analysis for Lundin Mining