Hindsight Market

The Graveyard › 2001

Homestake Mining

HM · Metal Mining · NYSE · in our data January 2, 1968 to December 14, 2001 (33.9 years)

Our price history begins on January 2, 1968, and Homestake Mining was already trading then; how long before that, our data does not say. At its peak, on January 17, 1994, the market valued it at $3.4 billion. It left the market when it was bought or merged, last trading at $8.62, -62.8% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1968-012001-12
Peak market value$3.4 billionJanuary 17, 1994
Highest split-adjusted share price$23.19January 17, 1994
Last share price$8.62December 14, 2001
From its split-adjusted high to the end-62.8%
Return over the days in our data+487.9%with dividends, before the last trade
Worst single day-23.0%October 20, 1987

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1968.

Could you have seen it coming? Play Dot-com

Also gone in 2001: Metal Mining