Zacks Investment Research reporeted on Kumba Iron Ore Ltd (ADR) (NASDAQ:KIROY), upping its stock price target to $3.25 earlier today
- Updated: September 15, 2016
Kumba Iron Ore Ltd (ADR) (NASDAQ:KIROY) had its target price increased to $3 by Zacks Investment Research in an issued report announced 9/15/2016. The latest target price suggests a possible upside of 0.15% based on the bussiness’ previous stock close price.
Only yesterday Kumba Iron Ore Ltd (ADR) (NASDAQ:KIROY) traded 2.55% higher at $2.82. KIROY’s 50-day moving average is $3.29 and its two hundred day moving average is $2.45. With the last stock close up 14.74% from the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. Trading volume was was down over the average, with 200 shares of KIROY changing hands under the typical 2,444 shares..
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With a market cap of $0.0, 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 43.
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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