Kumba Iron Ore (OTCMKTS:KIROY) Lowered to “Underperform” at Bank of America

Bank of America downgraded shares of Kumba Iron Ore (OTCMKTS:KIROY) from a neutral rating to an underperform rating in a report released on Wednesday morning, The Fly reports.

Kumba Iron Ore stock opened at $11.48 on Wednesday. Kumba Iron Ore has a twelve month low of $9.64 and a twelve month high of $18.06. The stock’s fifty day simple moving average is $15.23 and its 200-day simple moving average is $14.98.

The business also recently disclosed a dividend, which was paid on Thursday, September 2nd. Stockholders of record on Friday, August 20th were given a dividend of $2.5531 per share. This represents a dividend yield of 15.16%. The ex-dividend date of this dividend was Thursday, August 19th.

About Kumba Iron Ore

Kumba Iron Ore Ltd. engages in the extraction, production, and sale iron ore. It operates through the following segments: Sishen Mine, Kolomela Mine, and Thabazimbi Mine Products; Logistics and Shipping Operation Services, and Other. The Sishen Mine, Kolomela Mine, and Thabazimbi Mine Products segment focuses on the extraction and production of iron ore.

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