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Video: What is a Stock Split?
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Eldorado Gold owns and operates mines around the world, primarily gold mines, but also a silver-lead-zinc mine. Its activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production, sale of mineral products, and reclamation. Co.'s business is focused in Turkey, Canada and Greece, Romania and Brazil. Co.'s operating gold mines include: Kisladag, Turkey (100.0%); Efemcukuru, Turkey (100.0%); Lamaque, Canada (100.0%); and Olympias, Greece (100.0%). Co.'s other operating mines and development projects include: Skouries, Greece (100.0%) development project and Stratoni, Greece (100.0%) silver-lead-zinc mine. According to our Eldorado Gold stock split history records, Eldorado Gold has had 1 split. | |
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Eldorado Gold (EGO) has 1 split in our Eldorado Gold stock 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 Eldorado Gold stock 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 Eldorado Gold stock 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: |
$29.70 |
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End price/share: |
$14.34 |
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Starting shares: |
336.70 |
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Ending shares: |
339.97 |
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Dividends reinvested/share: |
$0.20 |
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Total return: |
-51.25% |
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Average Annual Total Return: |
-6.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,877.34 |
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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: |
$29.70 |
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End price/share: |
$14.34 |
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Dividends collected/share: |
$0.20 |
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Total return: |
-51.04% |
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Average Annual Total Return: |
-6.90% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,893.08 |
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Years: |
10.00 |
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Date |
Ratio |
12/31/2018 | 1 for 5 |
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