Lundin Mining Corporation

Lundin Mining Corporation is an AMEX listed security that has been trading in a range between $9.44 and $14.70 over the past year. With 286,327,700 shares outstanding, a recent price of $14.69 gives a total market capitalization of $4,180,384,529. While there are certainly larger companies, Lundin Mining Corporation has definitely earned its place in the pack. Last year, Lundin Mining Corporation created $1.01 in earnings for every share outstanding.

Lundin Mining Corporation is currently priced by the market at 14.50 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 in excess of $1 a share, Lundin Mining Corporation could be an interesting value proposition.