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McEwen Mining (MUX) has 1 split in our MUX split history database. The split for MUX took place on July 28, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of MUX 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 McEwen Mining 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 MUX 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 McEwen Mining shares, starting with a $10,000 purchase of MUX, presented on a split-history-adjusted basis factoring in the complete MUX split history.
Growth of $10,000.00 With Dividends Reinvested |
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Start date: | 04/01/2014 | ||
End date: | 03/28/2024 | ||
Start price/share: | $23.90 | ||
End price/share: | $9.86 | ||
Starting shares: | 418.41 | ||
Ending shares: | 428.22 | ||
Dividends reinvested/share: | $0.40 | ||
Total return: | -57.78% | ||
Average Annual Total Return: | -8.26% | ||
Starting investment: | $10,000.00 | ||
Ending investment: | $4,223.67 | ||
Years: | 10.00 | ||
Growth of $10,000.00 Without Dividends Reinvested |
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Start date: | 04/01/2014 | ||
End date: | 03/28/2024 | ||
Start price/share: | $23.90 | ||
End price/share: | $9.86 | ||
Dividends collected/share: | $0.40 | ||
Total return: | -57.07% | ||
Average Annual Total Return: | -8.11% | ||
Starting investment: | $10,000.00 | ||
Ending investment: | $4,293.22 | ||
Years: | 10.00 |
About McEwen Mining |
McEwen Mining is a mining and minerals production and exploration company focused on precious and base metals in United States, Canada, Mexico and Argentina. Co. owns the Black Fox Mine and Stock Mill in Ontario, Canada, the Gold Bar mine in Nevada, the formerly-producing El Gallo Project in Sinaloa, Mexico, and Minera Santa Cruz S.A. (MSC), the owner and operator of the San Jose mine in Santa Cruz, Argentina. In addition, Co. holds interests in advanced-stage and exploration-stage properties and projects in in the United States, Canada, Mexico and Argentina, including the Los Azules copper project in Argentina. Co.'s segments include United States, Canada, Mexico, MSC and Los Azules. According to our MUX split history records, McEwen Mining has had 1 split. |
MUX Split History Table | |
Date | Ratio |
07/28/2022 | 1 for 10 |
Materials Stock Splits |
MUX is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
MYE Split History Also explore: MUX shares outstanding history
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