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Video: What is a Stock Split?
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Caledonia Mining is primarily focusing on the operation of a gold mine and the exploration and development of mineral properties for precious metals. Co.'s activities are focused on Blanket Mine in Zimbabwe. Zimbabwe and South Africa describe the operations of Co.'s reportable segments. The Zimbabwe operating segment comprises Co.'s subsidiaries, Caledonia Holdings Zimbabwe (Private) Limited and subsidiaries and Caledonia Mining Services (Private) Limited. The South African geographical segment comprises sales made by Co.'s subsidiary, Caledonia Mining South Africa Proprietary Limited, to the Blanket Mine. According to our CMCL split history records, Caledonia Mining PLC has had 1 split. | |
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Caledonia Mining PLC (CMCL) has 1 split in our CMCL split history database. The split for CMCL took place on June 27, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of CMCL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Caledonia Mining PLC conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CMCL split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Caledonia Mining PLC shares, starting with a $10,000 purchase of CMCL, presented on a split-history-adjusted basis factoring in the complete CMCL split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
01/04/2017 |
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End date: |
04/23/2024 |
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Start price/share: |
$6.15 |
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End price/share: |
$10.13 |
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Starting shares: |
1,626.02 |
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Ending shares: |
2,001.00 |
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Dividends reinvested/share: |
$2.44 |
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Total return: |
102.70% |
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Average Annual Total Return: |
10.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,269.00 |
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Years: |
7.30 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/04/2017 |
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End date: |
04/23/2024 |
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Start price/share: |
$6.15 |
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End price/share: |
$10.13 |
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Dividends collected/share: |
$2.44 |
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Total return: |
104.42% |
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Average Annual Total Return: |
10.29% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,444.29 |
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Years: |
7.30 |
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Date |
Ratio |
06/27/2017 | 1 for 5 |
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