 |
Video: What is a Stock Split?
|
 |
Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the U.S., Brazil, Mauritania, Chile and Canada. Co.'s projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is a long-life, open pit mine located in Nevada. Bald Mountain is an open pit mine with an estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend. The Manh Choh project is in Alaska, located approximately 400 kilometers southeast of Fort Knox. According to our KGC split history records, Kinross Gold has had 1 split. | |
 |

Kinross Gold (KGC) has 1 split in our KGC split history database. The split for KGC took place on February 03, 2003. This was a 1 for 3 reverse split, meaning for each 3 shares of KGC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as Kinross 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 KGC split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Kinross Gold shares, starting with a $10,000 purchase of KGC, presented on a split-history-adjusted basis factoring in the complete KGC split history.

Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
07/21/2015 |
|
End date: |
07/18/2025 |
|
Start price/share: |
$1.71 |
|
End price/share: |
$15.33 |
|
Starting shares: |
5,847.95 |
|
Ending shares: |
6,456.94 |
|
Dividends reinvested/share: |
$0.57 |
|
Total return: |
889.85% |
|
Average Annual Total Return: |
25.76% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$98,952.16 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
07/21/2015 |
|
End date: |
07/18/2025 |
|
Start price/share: |
$1.71 |
|
End price/share: |
$15.33 |
|
Dividends collected/share: |
$0.57 |
|
Total return: |
829.82% |
|
Average Annual Total Return: |
24.98% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$92,983.35 |
|
Years: |
10.00 |
|
|
 |
Date |
Ratio |
02/03/2003 | 1 for 3 |
|
 |