Kumba Iron Ore (OTCMKTS:KIROY) Sets New 12-Month Low – Should You Sell?

Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $4.93 and last traded at $4.95, with a volume of 5600 shares changing hands. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Stock Analysis on KIROY

Kumba Iron Ore Stock Performance

The stock has a 50 day moving average price of $5.36 and a 200 day moving average price of $6.10.

About Kumba Iron Ore

(Get Free Report)

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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