Apex Silver Mines Limited

Apex Silver Mines Limited is an AMEX listed security that has been trading in a range between $12.61 and $22.35 over the past year. With 58,637,520 shares outstanding, a recent price of $20.78 gives a total market capitalization of $1,176,855,009. While there are certainly larger companies, Apex Silver Mines Limited has definitely earned its place in the pack. Last year, Apex Silver Mines Limited created $-3.93 in earnings for every share outstanding.

Apex Silver Mines Limited is currently priced by the market at 0.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.

With a share price under $50 a share and earnings per share below $1 a share, Apex Silver Mines Limited is unlikely to be an interesting value proposition.