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 Video: What is a Stock Split?
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| Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. Co.'s portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. According to our NEM split history records, Newmont has had 3 splits. | |
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Newmont (NEM) has 3 splits in our NEM split history database. The first split for NEM took place on June 11, 1987. This was a 2 for 1
split, meaning for each share of NEM 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. NEM's second split took place on October 09, 1987. This was a 3 for 2
split, meaning for each 2
shares of NEM owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. NEM's third split took place on April 22, 1994. This was a 5 for 4 split, meaning for each 4 shares of NEM owned pre-split, the shareholder now owned 5 shares. For example, a 3000 share position pre-split, became a 3750 share position following the split.
When a company such as Newmont 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 NEM split history from start to finish, an original position size of 1000 shares would have turned into 3750 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Newmont shares, starting with a $10,000 purchase of NEM, presented on a split-history-adjusted basis factoring in the complete NEM split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$17.78 |
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| End price/share: |
$40.22 |
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| Starting shares: |
562.43 |
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| Ending shares: |
708.12 |
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| Dividends reinvested/share: |
$10.52 |
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| Total return: |
184.81% |
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| Average Annual Total Return: |
11.03% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,471.04 |
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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: |
12/16/2014 |
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| End date: |
12/13/2024 |
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| Start price/share: |
$17.78 |
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| End price/share: |
$40.22 |
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| Dividends collected/share: |
$10.52 |
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| Total return: |
185.35% |
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| Average Annual Total Return: |
11.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,522.37 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/11/1987 | 2 for 1
| | 10/09/1987 | 3 for 2
| | 04/22/1994 | 5 for 4 |
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