Kumba Iron Ore’s (KIROY) Underweight Rating Reaffirmed at Morgan Stanley

Morgan Stanley reiterated their underweight rating on shares of Kumba Iron Ore (OTCMKTS:KIROY) in a research note issued to investors on Wednesday morning, The Fly reports.

Other research analysts have also recently issued reports about the stock. Citigroup raised shares of Kumba Iron Ore from a sell rating to a neutral rating in a report on Monday, September 27th. Bank of America lowered shares of Kumba Iron Ore from a neutral rating to an underperform rating in a research report on Wednesday, September 22nd.

Shares of OTCMKTS:KIROY opened at $11.63 on Wednesday. The company has a 50-day simple moving average of $13.79 and a 200-day simple moving average of $14.78. Kumba Iron Ore has a one year low of $9.73 and a one year high of $18.06.

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

Kumba Iron Ore Company Profile

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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