Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.72 and traded as low as $5.53. Kumba Iron Ore shares last traded at $5.62, with a volume of 365,107 shares.
Wall Street Analyst Weigh In
Separately, HSBC cut 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.com, Kumba Iron Ore has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Kumba Iron Ore
Kumba Iron Ore Trading Up 1.6%
Kumba Iron Ore Cuts Dividend
The firm also recently declared a dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 25th will be given a $0.2254 dividend. This represents a yield of 859.0%. The ex-dividend date of this dividend is 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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