Published On: Thu, Sep 15th, 2016

Kumba Iron Ore Ltd (KIROY) Rating Lowered to Hold at Zacks Investment Research

Kumba Iron Ore Ltd (NASDAQ:KIROY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
According to Zacks, “Kumba Iron Ore Limited engages in the exploration, extraction, beneficiation, marketing, shipping, and sale of iron ore in South Africa. Its mining assets and natural resources also include platinum group metals and diamonds, copper, iron ore, metallurgical coal, nickel and thermal coal. The company has mines in various places like Thabazimbi in Limpopo, Sishen in Northern Cape; and Kolomela mine. It also transports iron ore to its customers in Europe and Asia. Kumba Iron Ore Limited is headquartered in Centurion, South Africa. “
Shares of Kumba Iron Ore (NASDAQ:KIROY) traded up 2.55% on Wednesday, hitting $2.81. The stock had a trading volume of 200 shares. Kumba Iron Ore has a 12 month low of $0.50 and a 12 month high of $3.67. The stock has a market cap of $2.69 billion and a PE ratio of 43.27. The company has a 50 day moving average price of $3.29 and a 200-day moving average price of $2.45.

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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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