Newcrest Mining (Newcrest Mining) 5-Year Yield-on-Cost % : 6.00 (As of May. 08, 2024)

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What is Newcrest Mining 5-Year Yield-on-Cost %?

Newcrest Mining's yield on cost for the quarter that ended in Jun. 2023 was 6.00.

The historical rank and industry rank for Newcrest Mining's 5-Year Yield-on-Cost % or its related term are showing as below:

NCMGY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.94 Med: 4.09 Max: 16.53
Current: 6

During the past 13 years, Newcrest Mining's highest Yield on Cost was 16.53. The lowest was 1.94. And the median was 4.09.

NCMGY's 5-Year Yield-on-Cost % is not ranked
in the Metals & Mining industry.
Industry Median: 3.24 vs NCMGY: 6.00

Competitive Comparison of Newcrest Mining's 5-Year Yield-on-Cost %

For the Gold subindustry, Newcrest Mining's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newcrest Mining's 5-Year Yield-on-Cost % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newcrest Mining's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Newcrest Mining's 5-Year Yield-on-Cost % falls into.

Newcrest Mining 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Newcrest Mining is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Newcrest Mining (OTCPK:NCMGY) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Newcrest Mining 5-Year Yield-on-Cost % Related Terms

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Newcrest Mining (Newcrest Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newcrest Mining Ltd (OTCPK:NCMGY) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Saint Kilda Road, Level 8, Melbourne, VIC, AUS, 3004

Website

https://www.newcrest.com.au

Newcrest is an Australia-based gold and, to a lesser extent, copper miner. Operations are mainly in Australia and Papua New Guinea. The company also owns a 32% stake in the Fruta Del Norte gold mine in Ecuador, while the acquisition of Brucejack in 2022 adds to its 70% stake in the Red Chris mine in Canada. The company is likely to produce around 2 million ounces of gold per year over the next decade, making it one of the larger global gold producers but still only accounting for less than 2% of total supply. Cash costs are below the industry average, underpinned by improvements at Lihir and Cadia. Organic growth options include its Havieron prospect, the Red Chris underground mine, and the high-grade Wafi-Golpu copper-gold prospect in PNG.