Our opinion on the current state of KUMBA-IO(KIO)Kumba (KIO) is a highly successful iron mining operation which is owned (79%) and controlled by Anglo American.
The share price fell to as little as R223 in March 2020 because of COVID-19 but recovered to R668 before falling on the March 2022 quarterly results.
Importantly, exports make up 94%
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0.84 USD
801.82 M USD
4.02 B USD
About Kumba Iron Ore Limited
Sector
Industry
CEO
Mpumi Zikalala
Website
Headquarters
Johannesburg
Founded
2005
ISIN
US50125N1046
FIGI
BBG000BZ29N2
Kumba Iron Ore Ltd. engages in the extraction, production, and sale iron ore. It operates through the following segments: Sishen Mine, Kolomela Mine, Logistics, Shipping Operations, and Other. The Sishen Mine and Kolomela Mine segments focuses on the extraction and production of iron ore. The Logistics and Shipping Operation segment deals with railed and rail tariffs. The Other segment comprises corporate, administration, and other expenditure not allocated to the other segments. The company was founded on May 16, 2005 and is headquartered in Johannesburg, South Africa.
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KIO (Kumba Iron Ore) 1M Chart AnalysisKIO (Kumba Iron Ore) 1M Chart Analysis
Building on the previous analysis, the KIO monthly chart shows a large falling wedge. If the price finds support at the lower trendline (4), it could rebound toward the upper trendline, with an initial target around 495.
RSI supports a potential bounce, maint
KUMBA IRON ORE (KIO) - WEEKLY CHART ANALYSIS CONTINUATION
Building on the previous analysis, since April 2020, this area has served as a consistent support level, aligning with key technical signals. On four occasions, upward MACD crossovers, combined with RSI breaking its downtrend, preceded an average 50% gain.
KUMBA IRON ORE (KIO)KUMBA IRON ORE (KIO) - WEEKLY CHART ANALYSIS
KIO is currently hovering around a strong support zone, which aligns closely with the levels we saw back in September/October 2022 when China introduced additional stimulus measures following the May and August rounds. This support has held firm since A
Kumba Iron Ore Analysis 10/15/24DISCLOSURE: As of 10/15/24 I have no open positions in Kumba Iron Ore JSE: KIO
Introduction:
Kumba Iron Ore is a South African Iron Ore mining company. They operate 3 mines in South Africa, all of which are quality assets operating profitably at current Iron Ore prices. The second business segme
Kumba Iron Ore: KIO - Long-term ViewKumba Iron Ore's monthly view shows a reversal pattern in play for a long position. The following have to play out:
1. Overcome horizontal resistance at R415 (this is expected in October)
2. When October closes above R406.01, open a long position (swing low is confirmed)
3. First target R480 area,
$JSEKIO - Kumba Iron Ore: A New Perspective On The Big BearSee link below for previous analysis.
There is more clarity on the big bear from the 2021 all time high.
The bear looks to be unfolding as a double zigzag (WXY).
There is no sign of a reversal yet and 25000 cps looks a likely short-term target followed by the March 2020 low so I maintain the bearis
Our opinion on the current state of KUMBA-IO(KIO)Kumba (KIO) is a highly successful iron mining operation, with 79% ownership and control by Anglo American. The company's share price experienced a significant drop to R223 in March 2020 due to the COVID-19 pandemic but later recovered to R668 before facing declines following the March 2022 quarterl
$JSEKIO - Kumba Iron Ore: Bearish Support Trendline Break See link below for previous analysis.
The advance from October 2022 was in three waves which is corrective in nature.
The stock has now had a strong weekly close below the support trendline which adds to the bearish.
I am bearish Kumba with a price target at 32000 cps.
Our opinion on the current state of KUMBA-IO(KIO)Kumba (KIO) is a highly successful iron mining operation that is 79% owned and controlled by Anglo American. The share price saw a significant drop to R223 in March 2020 due to COVID-19 but recovered to R668 before falling again after the March 2022 quarterly results. Notably, exports account for 94
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