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MAG Silver (MAG) has 1 split in our MAG split history database. The split for MAG took place on December 05, 2011. This was a 1 for 10 reverse split, meaning for each 10 shares of MAG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as MAG Silver 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 MAG split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MAG Silver shares, starting with a $10,000 purchase of MAG, presented on a split-history-adjusted basis factoring in the complete MAG split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-19.98%|
|About MAG Silver|
|MAG Silver is an exploration company conducting work on mineral properties it has staked or acquired by way of option agreement, principally in Mexico. Co. has not yet determined whether the properties on which it is conducting exploration contain any ore reserves that are economically recoverable. The recoverability of these amounts is dependent upon the existence of economically recoverable reserves, Co.'s ability to obtain the necessary financing to complete the development of the interests, and future profitable production, or alternatively, upon Co.’s ability to dispose of its interests on a profitable basis. According to our MAG split history records, MAG Silver has had 1 split.|
|MAG Split History Table|
|12/05/2011||1 for 10|
|Industrials Stock Splits|
|MAG is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|