GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (LIM:FCX) » Definitions » 5-Year Yield-on-Cost %

Freeport-McMoRan (LIM:FCX) 5-Year Yield-on-Cost % : 7.58 (As of Dec. 12, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Freeport-McMoRan 5-Year Yield-on-Cost %?

Freeport-McMoRan's yield on cost for the quarter that ended in Sep. 2024 was 7.58.


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

LIM:FCX' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.69   Med: 7.53   Max: 62.74
Current: 7.58


During the past 13 years, Freeport-McMoRan's highest Yield on Cost was 62.74. The lowest was 0.69. And the median was 7.53.


LIM:FCX's 5-Year Yield-on-Cost % is ranked better than
77.2% of 307 companies
in the Metals & Mining industry
Industry Median: 2.89 vs LIM:FCX: 7.58

Competitive Comparison of Freeport-McMoRan's 5-Year Yield-on-Cost %

For the Copper subindustry, Freeport-McMoRan'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.


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

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

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



Freeport-McMoRan 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 Freeport-McMoRan is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

Freeport-McMoRan  (LIM:FCX) 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.


Freeport-McMoRan 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Freeport-McMoRan's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


Freeport-McMoRan Business Description

Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2023, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Freeport-McMoRan Headlines