 |
 Video: What is a Stock Split?
|
|
|
| Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the U.S.. It has ownership interests in producing copper mines in Chile, Saudi Arabia and Zambia. Its operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. According to our B split history records, Barrick Mining has had 2 splits. | |
|
Barrick Mining (B) has 2 splits in our B split history database. The first split for B took place on April 28, 1997. This was a 3 for 1
split, meaning for each share of B owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. B's second split took place on June 12, 2006. This was a 2 for 1 split, meaning for each share of B owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as Barrick Mining 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 B split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Barrick Mining shares, starting with a $10,000 purchase of B, presented on a split-history-adjusted basis factoring in the complete B split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
07/21/2015 |
|
| End date: |
07/17/2025 |
|
| Start price/share: |
$7.50 |
|
| End price/share: |
$20.81 |
|
| Starting shares: |
1,333.33 |
|
| Ending shares: |
1,608.26 |
|
| Dividends reinvested/share: |
$3.30 |
|
| Total return: |
234.68% |
|
| Average Annual Total Return: |
12.84% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$33,457.00 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
07/21/2015 |
|
| End date: |
07/17/2025 |
|
| Start price/share: |
$7.50 |
|
| End price/share: |
$20.81 |
|
| Dividends collected/share: |
$3.30 |
|
| Total return: |
221.47% |
|
| Average Annual Total Return: |
12.39% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$32,146.80 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 04/28/1997 | 3 for 1
| | 06/12/2006 | 2 for 1 |
|
|
Free B Email Alerts:
