Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) shares fell 4.7% during mid-day trading on Friday . The stock traded as low as $4.51 and last traded at $4.6650. 11,279 shares were traded during mid-day trading, a decline of 64% from the average session volume of 30,938 shares. The stock had previously closed at $4.8950.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kumba Iron Ore has a consensus rating of “Hold”.
Read Our Latest Analysis on Kumba Iron Ore
Kumba Iron Ore Stock Performance
About Kumba Iron Ore
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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