Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $4.82, but opened at $4.65. Kumba Iron Ore shares last traded at $4.65, with a volume of 2,206 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Kumba Iron Ore presently has a consensus rating of “Hold”.
Read Our Latest Analysis on Kumba Iron Ore
Kumba Iron Ore Price Performance
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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