Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) dropped 1.4% on Tuesday . The stock traded as low as $25.48 and last traded at $25.48. Approximately 280 shares traded hands during trading, a decline of 90% from the average daily volume of 2,699 shares. The stock had previously closed at $25.8508.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group upgraded shares of Iluka Resources from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on ILKAY
Iluka Resources Stock Performance
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.
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