Shares of Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $6.16, but opened at $6.51. Kumba Iron Ore shares last traded at $6.26, with a volume of 418 shares.
Analysts Set New Price Targets
Separately, HSBC downgraded shares of Kumba Iron Ore to a “hold” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
View Our Latest Analysis on KIROY
Kumba Iron Ore Stock Up 0.6%
Kumba Iron Ore Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 25th were paid a $0.2254 dividend. The ex-dividend date was Friday, August 22nd. This represents a dividend yield of 859.0%.
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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