Kumba Iron Ore Ltd (KIROY) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Kumba Iron Ore Ltd (NASDAQ:KIROY) has earned an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.

Zacks has also assigned Kumba Iron Ore an industry rank of 18 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Kumba Iron Ore from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Thursday, July 21st.

Kumba Iron Ore (NASDAQ:KIROY) opened at 2.90 on Friday. Kumba Iron Ore has a 52 week low of $0.50 and a 52 week high of $3.67. The stock’s 50 day moving average is $2.91 and its 200 day moving average is $2.63. The firm has a market cap of $2.78 billion and a price-to-earnings ratio of 42.48.

About Kumba Iron Ore

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.

5 Day Chart for NASDAQ:KIROY

Get a free copy of the Zacks research report on Kumba Iron Ore (KIROY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Kumba Iron Ore Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kumba Iron Ore Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.