Kumba Iron Ore Ltd (KIROY) Cut to “Hold” at Zacks Investment Research
According to Zacks, “Kumba Iron Ore Limited engages in the exploration, extraction, beneficiation, marketing, shipping, and sale of iron ore in South Africa. Its mining assets and natural resources also include platinum group metals and diamonds, copper, iron ore, metallurgical coal, nickel and thermal coal. The company has mines in various places like Thabazimbi in Limpopo, Sishen in Northern Cape; and Kolomela mine. It also transports iron ore to its customers in Europe and Asia. Kumba Iron Ore Limited is headquartered in Centurion, South Africa. “
Shares of Kumba Iron Ore (NASDAQ:KIROY) opened at 2.82 on Wednesday. Kumba Iron Ore has a 52-week low of $0.50 and a 52-week high of $3.67. The stock has a market capitalization of $2.70 billion and a PE ratio of 41.92. The stock has a 50 day moving average price of $3.28 and a 200-day moving average price of $2.46.
About Kumba Iron Ore
Kumba Iron Ore Limited (Kumba) is a supplier of iron ore to the global steel industry. The Company is engaged in the exploration, beneficiation, marketing, sale and shipping of iron ore. The Company’s segments include Sishen mine, Kolomela mine, Thabazimbi mine, Logistics, Shipping operations and Other.
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