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.
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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