Zacks Investment Research downgraded Kumba Iron Ore Ltd (ADR) (NASDAQ:KIROY) to Hold in a report released today.
- Updated: September 19, 2016
Displaying a price of $2.75, Kumba Iron Ore Ltd (ADR) (NASDAQ:KIROY) traded 2.48% lower on the day. With the last stock price up 10.94% relative to the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same time. The company has recorded a 50-day average of $3.26 and two hundred day average of $2.48. 7,300 shares of KIROY exchanged hands, up from ann avg. volume of 2,802
Zacks Investment Research has downgraded Kumba Iron Ore Ltd (ADR)(NASDAQ:KIROY) to Hold in a statement released 9/20/2016.
On Thursday September 15 2016, Zacks Investment Research released a statement for Kumba Iron Ore Ltd (ADR)(NASDAQ:KIROY) upped the target price from $0.00 to $3.25 that suggested an upside of 0.15%.
Kumba Iron Ore Ltd (ADR) has a one-year low of $0.50 and a 52 week high of $3.67 with a price-earnings ratio of 41. KIROY’s market capitalization is presently $0.0.
General Information About Kumba Iron Ore Ltd (ADR) (NASDAQ:KIROY)
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. The Company operates primarily in South Africa, with mining operations in the Northern Cape and Limpopo provinces, and a port operation in Saldanha Bay, Western Cape. Kumba holds interest in Sishen Iron Ore Company (Pty) Ltd (SIOC). The Company’s mining operations and projects include Kolomela mine, which is located in the Northern Cape Province near the town of Postmasburg; Sishen mine, which is located in the Northern Cape Province near the town of Kathu; Thabazimbi mine, which is located in Limpopo Province near the town of Thabazimbi, and the Saldanha Bay project, and which is located in Western Cape Province.
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