MINEFINDERS CORPORATION LTD is an AMEX listed security that has been trading in a range between $7.41 and $12.89 over the past year. With 48,638,170 shares outstanding, a recent price of $12.31 gives a total market capitalization of $589,008,222. While there are certainly larger companies, MINEFINDERS CORPORATION LTD has definitely earned its place in the pack. Last year, MINEFINDERS CORPORATION LTD created $-0.29 in earnings for every share outstanding.
MINEFINDERS CORPORATION LTD 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, MINEFINDERS CORPORATION LTD is unlikely to be an interesting value proposition.
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