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 Video: What is a Stock Split?
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| Newmont is primarily a gold producer with operations and/or assets in the U.S., Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. Co. is also engaged in the production of copper, silver, lead and zinc. Co.'s North America segment consists primarily of Cripple Creek & Victor in the U.S. of America, Musselwhite, Porcupine and Eleonore in Canada and Penasquito in Mexico. Co.'s South America segment consists primarily of Yanacocha in Peru, Merian in Suriname, Cerro Negro in Argentina and its 40% equity interest in the Pueblo Viejo mine in the Dominican Republic. Co.'s Australia segment consists primarily of Boddington and Tanami in Australia. According to our Newmont stock split history records, Newmont has had 3 splits. | |
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Newmont (NEM) has 3 splits in our Newmont stock 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 Newmont stock 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 Newmont stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/29/2013 |
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| End date: |
05/26/2023 |
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| Start price/share: |
$33.10 |
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| End price/share: |
$40.68 |
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| Starting shares: |
302.11 |
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| Ending shares: |
373.54 |
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| Dividends reinvested/share: |
$9.34 |
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| Total return: |
51.96% |
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| Average Annual Total Return: |
4.27% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,189.52 |
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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: |
05/29/2013 |
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| End date: |
05/26/2023 |
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| Start price/share: |
$33.10 |
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| End price/share: |
$40.68 |
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| Dividends collected/share: |
$9.34 |
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| Total return: |
51.12% |
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| Average Annual Total Return: |
4.22% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,116.86 |
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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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