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Eldorado Gold is engaged in the exploration, development, mining and production of gold and other mining resources in Brazil, China, Turkey and Greece. According to our EGO split history records, Eldorado Gold has had 1 split.
EGO split history picture
Eldorado Gold (EGO) has 1 split in our EGO split history database. The split for EGO took place on December 31, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of EGO 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 Eldorado Gold 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 EGO 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 Eldorado Gold shares, starting with a $10,000 purchase of EGO, presented on a split-history-adjusted basis factoring in the complete EGO split history. EGO split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 08/03/2010
End date: 08/03/2020
Start price/share: $82.50
End price/share: $12.14
Starting shares: 121.21
Ending shares: 126.20
Dividends reinvested/share: $2.14
Total return: -84.68%
Average Annual Total Return: -17.09%
Starting investment: $10,000.00
Ending investment: $1,532.50
Years: 10.01
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 08/03/2010
End date: 08/03/2020
Start price/share: $82.50
End price/share: $12.14
Dividends collected/share: $2.14
Total return: -82.70%
Average Annual Total Return: -16.08%
Starting investment: $10,000.00
Ending investment: $1,729.93
Years: 10.01
Date Ratio
12/31/20181 for 5
EGO is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:

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