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 Video: What is a Stock Split?
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| Barrick Gold is engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Co. also produces copper and hold interests in oil and gas properties located in Canada. Co.'s mining operations are concentrated in three regional business units: North America, South America and Australia Pacific. Co. also hold a 73.9% equity interest in African Barrick Gold plc that owns gold mines and exploration properties in Africa. Co.'s copper business unit contains producing copper mines located in Chile and Zambia; and a mine under construction located in Saudi Arabia. According to our ABX split history records, ABX has had 3 splits. | |
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ABX (ABX) has 3 splits in our ABX split history database. The first split for ABX took place on July 16, 1987. This was a 2 for 1
split, meaning for each share of ABX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ABX's second split took place on January 02, 1990. This was a 2 for 1
split, meaning for each share of ABX owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. ABX's third split took place on March 02, 1993. This was a 2 for 1
split, meaning for each share of ABX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as ABX splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ABX split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ABX shares, starting with a $10,000 purchase of ABX, presented on a split-history-adjusted basis factoring in the complete ABX split history.
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| Date |
Ratio |
| 07/16/1987 | 2 for 1
| | 01/02/1990 | 2 for 1
| | 03/02/1993 | 2 for 1
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