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Video: What is a Stock Split?
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Barrick Gold is principally engaged in the production and sale of gold and copper, as well as related activities such as exploration and mine development. According to our GOLD split history records, Barrick Gold has had 2 splits. | |
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Barrick Gold (GOLD) has 2 splits in our GOLD split history database. The first split for GOLD took place on March 11, 2003. This was a 2 for 1 split, meaning for each share of GOLD 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. GOLD's second split took place on June 15, 2004. This was a 2 for 1 split, meaning for each share of GOLD 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.
When a company such as Barrick Gold 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 GOLD split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Barrick Gold shares, starting with a $10,000 purchase of GOLD, presented on a split-history-adjusted basis factoring in the complete GOLD split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/20/2014 |
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End date: |
03/18/2024 |
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Start price/share: |
$19.42 |
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End price/share: |
$15.63 |
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Starting shares: |
514.93 |
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Ending shares: |
615.34 |
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Dividends reinvested/share: |
$3.05 |
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Total return: |
-3.82% |
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Average Annual Total Return: |
-0.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,616.67 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/20/2014 |
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End date: |
03/18/2024 |
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Start price/share: |
$19.42 |
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End price/share: |
$15.63 |
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Dividends collected/share: |
$3.05 |
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Total return: |
-3.81% |
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Average Annual Total Return: |
-0.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,616.67 |
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Years: |
10.00 |
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Date |
Ratio |
03/11/2003 | 2 for 1 | 06/15/2004 | 2 for 1 |
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