Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) reached a new 52-week low on Monday . The company traded as low as $4.93 and last traded at $4.95, with a volume of 5600 shares. The stock had previously closed at $5.17.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Kumba Iron Ore to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on KIROY
Kumba Iron Ore Trading Down 0.3%
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore producer and a subsidiary of Anglo American plc. The company explores for, mines, processes and markets iron ore, which is primarily used as a raw material in steelmaking. Its products include high-grade iron ore lump and fine ore.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. The company processes ore at its mining operations and transports its products by rail to the Port of Saldanha Bay for export to international steelmakers.
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