Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.53, but opened at $6.98. Kumba Iron Ore shares last traded at $6.6150, with a volume of 311 shares changing hands.
Analyst Ratings Changes
Separately, HSBC downgraded shares of Kumba Iron Ore to a “hold” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Read Our Latest Report on Kumba Iron Ore
Kumba Iron Ore Trading Up 2.9%
Kumba Iron Ore Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 25th were issued a $0.2254 dividend. This represents a dividend yield of 859.0%. The ex-dividend date of this dividend was Friday, August 22nd.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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