Evolution Mining (ASX:EVN) 5-Year Yield-on-Cost % : 0.89 (As of Apr. 26, 2024)

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

Evolution Mining's yield on cost for the quarter that ended in Dec. 2023 was 0.89.

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

ASX:EVN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.6 Med: 1.6 Max: 4.15
Current: 0.89

During the past 13 years, Evolution Mining's highest Yield on Cost was 4.15. The lowest was 0.60. And the median was 1.60.

ASX:EVN's 5-Year Yield-on-Cost % is ranked worse than
83.39% of 307 companies
in the Metals & Mining industry
Industry Median: 3.2 vs ASX:EVN: 0.89

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

For the Gold subindustry, Evolution 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.

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

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

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

Evolution 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 Evolution Mining is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Evolution Mining (ASX:EVN) 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.

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

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Evolution Mining (ASX:EVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Evolution Mining Ltd (ASX:EVN) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

CAHPF:USA WE7:Germany

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.