Mineral Resources Limited (ASX: MIN) shares are in the green this year, soaring by 24% since the start of 2022.
That sounds like good news for investors.
Let's take a look at how much money I would have now if I had invested $1,000 in this iron and lithium explorer at the start of the year.
Is the Mineral Resources share price a winner?
The Mineral Resources share price has been up and down this year, hitting a high of $73.80 on 13 September and a low of $42.89 on 6 July.
However, those who held on to the company's shares amid the volatility should be satisfied with their investment.
Let's say I had bought Mineral Resources on 4 January, the first day of trading in 2022. On this day, Mineral Resources shares were fetching $56.22 at the market open.
Just imagine I had invested $1,000 in Mineral Resources at that time. I would have walked away with 17 shares with $44.26 left over.
At Thursday's close, these shares are fetching $69.10 a piece. That means this investment would now be worth $1174.70.
Looking at the year overall, on 6 July, when the company's share price hit $42.89, I may have been worried. On this day, my investment would have fallen to $729.13.
However, on 13 September, my investment would have climbed to be worth $1,254.6.
But that's not all. Mineral Resources also paid a total dividend of $1 per share in FY22. Therefore, after buying 17 shares at the start of the year I would also have $17 in dividends.
That would take mean my investment would now be worth $1,191.70.
Share price snapshot
The Mineral Resources share price closed 1.45% in the red on Thursday at $69.10. Despite the loss, it has rocketed 64% in the past year, but has fallen 5% in the past month.
For perspective, the S&P/ASX 200 Index (ASX: XJO) has shed more than 8% in a year.
The company has a market capitalisation of about $13.2 billion.
