Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $6.77, but opened at $6.16. Kumba Iron Ore shares last traded at $6.4470, with a volume of 1,452 shares changing hands.
Analyst Upgrades and Downgrades
Separately, HSBC downgraded shares of Kumba Iron Ore to a “hold” rating in a report on Monday, July 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Kumba Iron Ore presently has a consensus rating of “Hold”.
Check Out Our Latest Report on KIROY
Kumba Iron Ore Price Performance
Kumba Iron Ore Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 25th were given a dividend of $0.2254 per share. This represents a yield of 859.0%. The ex-dividend date of this dividend was Friday, August 22nd.
About Kumba Iron Ore
Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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