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.
The post If I’d invested $1,000 in Mineral Resources shares at the start of 2022, here’s what I’d have now appeared first on The Motley Fool Australia.
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Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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