Kumba Iron Ore (OTCMKTS:KIROY) Sets New 52-Week Low – Time to Sell?

Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $4.93 and last traded at $4.95, with a volume of 5600 shares changing hands. The stock had previously closed at $5.17.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Read Our Latest Report on Kumba Iron Ore

Kumba Iron Ore Trading Down 4.8%

The business’s 50-day simple moving average is $5.36 and its two-hundred day simple moving average is $6.10.

About Kumba Iron Ore

(Get Free Report)

Kumba Iron Ore Limited is a South African iron ore producer and a subsidiary of Anglo American plc. The company explores for, mines, processes and markets iron ore, which is primarily used as a raw material in steelmaking. Its products include high-grade iron ore lump and fine ore.

Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. The company processes ore at its mining operations and transports its products by rail to the Port of Saldanha Bay for export to international steelmakers.

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