Zacks Research Upgrades Iluka Resources (OTCMKTS:ILKAY) to Hold

Iluka Resources (OTCMKTS:ILKAY) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Iluka Resources Stock Performance

OTCMKTS:ILKAY opened at $27.50 on Wednesday. Iluka Resources has a 52-week low of $11.45 and a 52-week high of $35.77. The stock’s 50 day moving average price is $21.94 and its 200 day moving average price is $21.80.

Iluka Resources Company Profile

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.