Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.28 and traded as high as $6.47. Kumba Iron Ore shares last traded at $6.47, with a volume of 7,001 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, HSBC cut shares of Kumba Iron Ore to a “hold” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Report on KIROY
Kumba Iron Ore Stock Performance
Kumba Iron Ore Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 25th were given a $0.2254 dividend. This represents a dividend yield of 859.0%. The ex-dividend date 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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