Kumba Iron Ore (OTCMKTS:KIROY) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.28 and traded as high as $6.47. Kumba Iron Ore shares last traded at $6.47, with a volume of 7,001 shares.

Analyst Upgrades and Downgrades

Separately, HSBC lowered Kumba Iron Ore to a “hold” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Kumba Iron Ore Trading Up 0.4%

The firm has a 50-day moving average of $6.28 and a 200-day moving average of $5.90.

Kumba Iron Ore Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 25th were issued a $0.2254 dividend. The ex-dividend date was Friday, August 22nd. This represents a dividend yield of 859.0%.

Kumba Iron Ore Company Profile

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.