Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $5.1895, but opened at $5.3775. Kumba Iron Ore shares last traded at $5.17, with a volume of 4,465 shares changing hands.
Analyst Ratings Changes
Separately, Zacks Research upgraded 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, Kumba Iron Ore presently has an average rating of “Hold”.
Read Our Latest Report 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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