Kumba Iron Ore Ltd (KIROY) Given Average Recommendation of “Strong Sell” by Analysts
Kumba Iron Ore Ltd (NASDAQ:KIROY) has been given an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.
Zacks has also given Kumba Iron Ore an industry rank of 47 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Kumba Iron Ore from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Thursday, September 15th.
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Shares of Kumba Iron Ore (NASDAQ:KIROY) traded down 1.69% during midday trading on Friday, reaching $2.90. The company’s stock had a trading volume of 100 shares. The firm has a market capitalization of $2.78 billion and a PE ratio of 42.48. Kumba Iron Ore has a 1-year low of $0.50 and a 1-year high of $3.67. The company’s 50-day moving average price is $2.93 and its 200 day moving average price is $2.59.
Kumba Iron Ore Company Profile
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.
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