I'm now looking for a third basic materials sector representative for my new Ivy portfolio.

That materials sector has thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; gold; paper; silver; specialty chemicals; steel.

Today I'm reviewing a large-cap gold company, named Polyus PJSC. Its trading ticker symbol is OPYGY.

Polyus PJSC is engaged in extraction, refining and sale of gold. It is also engaged in the research, exploration and development works, the development works being mainly at the Natalka licence area located in the Magadan region of Russia.

The company was founded in 2006 and is based in Moscow, Russia. Public Joint Stock Company Polyus is a subsidiary of Polyus Gold International Limited.

I use three key data points to gauge the value of any dividend equity like Polyus PJSC:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

OPYGY Price

Polyus's price per share closed at $42.00 yesterday. A year ago its price was $45.15. So price dropped $3.15 per share last year, or about 7%.

Assuming Polyus's stock trades in the range of $30 to $50 next year, Polyus's recent $42.00 price could continue down by $2.00 and fall to $40.00 by late-January, 2020. (I'm not a gold bug!)

OPYGY Dividends

Polyus's most recent Semi-Annual dividend was $0.99 paid November 15th.

That $0.99 quarterly payout equates to a  $1.98 annual payout and a yield of 4.7% at yesterday's $42.00 closing price.

Gains For OPYGY?

Adding the $1.98 annual estimated dividend to my estimated negative $2.00 annual price downside estimate for Polyus PJSC shows a negative $0.02 potential gross annual loss, per share, which will be worsened by costs to trade those shares.

Rather than buying now, we'd best wait to buy Polyus and a more opportune time when the price is likely to move upward again.

Therefore, Polyus PJSC whose trading ticker symbol is OPYGY, now shows a possible net loss including its estimated 4.7% dividend yield.

No brokers cover this stock:

I get no arguments then.

Therefore, you can look at Polyus PJSC and see it has made money, is making money, and could lose money over the next year despite its 4.7% estimated dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Polyus PJSC is worth your time and money.