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Video: What is a Stock Split?
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Harmony Gold Mining Company is engaged in gold mining and related activities, including exploration, extraction and processing. Gold bullion, Co.'s principal product, is produced at its operations in South Africa and Papua New Guinea. Uranium and silver are produced as by-products. Co.'s reportable segments are as follows: Bambanani, Doornkop, Joel, Kusasalethu, Masimong, Moab Khotsong, Target 1, Tshepong Operations, Unisel, Mponeng and Hidden Valley; and all surface operations, including those that treat sand dumps, waste rock dumps and tailings dams, are grouped together under All other surface operations. According to our HMY split history records, Harmony Gold Mining has had 3 splits. | |
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Harmony Gold Mining (HMY) has 3 splits in our HMY split history database. The first split for HMY took place on January 09, 1992. This was a 3 for 2
split, meaning for each 2
shares of HMY owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. HMY's second split took place on November 19, 1992. This was a 3 for 2
split, meaning for each 2
shares of HMY owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. HMY's third split took place on July 28, 1993. This was a 3 for 2
split, meaning for each 2
shares of HMY owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as Harmony Gold 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 HMY split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Harmony Gold Mining shares, starting with a $10,000 purchase of HMY, presented on a split-history-adjusted basis factoring in the complete HMY split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$3.31 |
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End price/share: |
$8.74 |
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Starting shares: |
3,021.15 |
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Ending shares: |
3,300.12 |
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Dividends reinvested/share: |
$0.35 |
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Total return: |
188.43% |
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Average Annual Total Return: |
11.18% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$28,849.65 |
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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: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$3.31 |
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End price/share: |
$8.74 |
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Dividends collected/share: |
$0.35 |
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Total return: |
174.65% |
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Average Annual Total Return: |
10.63% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$27,454.21 |
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Years: |
10.00 |
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Date |
Ratio |
01/09/1992 | 3 for 2
| 11/19/1992 | 3 for 2
| 07/28/1993 | 3 for 2
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