The S&P/ASX 200 Index (ASX: XJO) has gained 24.3% since 22 September 2023, but Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) shares have left those gains wanting.
So, just how much would a $10,000 investment in both of the ASX 200 gold stocks three years ago be worth today?
Read on!
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Buying $10,000 worth of Northern Star shares
On 22 September 2023, gold was trading for US$1,925 per ounce, according to data from Bloomberg.
Today, that same ounce is trading for US$4,360, which puts the yellow metal up 126.5%.
As for Northern Star, three years ago you could have bought the ASX 200 gold miner for $10.92 a share. Meaning you could have picked up 915 Northern Star shares for $10,000.
In intraday trade on Wednesday, shares are changing hands $22.84 each. So, those 915 shares would be worth $20,899 today.
But let's not forget those Northern Star dividends.
If you'd owned the stock for the past three years you would have received (or shortly will) the past six dividend payouts, totalling $1.50 a share. The first three were unfranked while the most recent three were franked at 100%. Northern Star stock traded ex-dividend on 9 September. If you held the stock at market close on 8 September you can expect to get paid on 15 October.
Now, if we add those dividends back in to today's share price, then the accumulated value of the Northern Star shares you bought in September 2023 is worth $24.34 today. And those 915 shares are worth an accumulated $22,271.
Or a gain of 122.7%.
Which brings us to…
Investing $10,000 in Evolution Mining shares
On 22 September 2023, Evolution Mining shares closed the day trading for $3.58.
Your $10,000 investment, then, would have netted you 2,793 shares in this ASX 200 gold stock.
At the time of writing today, those same shares are changing hands for $13.97 each, meaning you could sell the whole lot now for $39,018.
But again, let's not forget those dividends.
Having bought the gold miner three years ago, you would have received (or shortly will) the past six fully franked Evolution Mining dividends, totalling 68 cents a share. Evolution Mining stock traded ex-dividend on 9 September. If you held the stock at market close on 8 September, you can expect to see that record high 21 cent per share passive income payout land in your bank account on 2 October.
If we add those dividends back in to today's share price, then the accumulated value of the Evolution Mining shares purchased three years ago is worth $14.65 now. And those 2,793 shares are worth an accumulated $40,917.
That's a gain of 309.2%, which sees Evolution Mining clearly beating out Northern Star shares as the better investment over the past three years.
