Castle Minerals (ASX:CDT) 10-Year Share Buyback Ratio : -30.70% (As of Dec. 2024)

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What is Castle Minerals 10-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

10-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past ten years. It is calculated as the annualized percentage change in shares outstanding from ten years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Castle Minerals's current 10-Year Share Buyback Ratio was -30.70%.

ASX:CDT's 10-Year Share Buyback Ratio is ranked worse than
67.45% of 1650 companies
in the Metals & Mining industry
Industry Median: -19.25 vs ASX:CDT: -30.70

Competitive Comparison of Castle Minerals's 10-Year Share Buyback Ratio

For the Gold subindustry, Castle Minerals's 10-Year Share Buyback Ratio, along with its competitors' market caps and 10-Year Share Buyback Ratio 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.

Castle Minerals's 10-Year Share Buyback Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Castle Minerals's 10-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Castle Minerals's 10-Year Share Buyback Ratio falls into.

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Castle Minerals 10-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from ten years ago to the current year. The annualized percentage change is calculated with least-square regression based on the eleven years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Castle Minerals (ASX:CDT) 10-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Castle Minerals 10-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Castle Minerals's 10-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Castle Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Castle Minerals Ltd (ASX:CDT) » Definitions » 10-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Ventnor Avenue, Suite 9, West Perth, Perth, WA, AUS, 6005

Website

https://www.castleminerals.com

Castle Minerals Ltd is a gold exploration company. It is engaged in the acquisition, exploration, and development of gold and other economic mineral deposits. The company has projects in Ghana and in the Pilbara of Western Australia. Its projects include the Woodcutters, Wilgee Springs, Earaheedy Basin, Wanganui & Polelle and Beasley Creek.