Iluka Resources (OTCMKTS:ILKAY) Stock Falls 1.3% – What’s Next?

Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report)’s stock price dropped 1.3% during trading on Thursday. The stock traded as low as $18.00 and last traded at $18.00. 3,646 shares were traded during mid-day trading, an increase of 41% from the average daily volume of 2,591 shares. The stock had previously closed at $18.23.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised shares of Iluka Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Report on ILKAY

Iluka Resources Stock Down 1.3%

The firm has a fifty day moving average price of $22.25 and a 200 day moving average price of $24.41.

Iluka Resources Company Profile

(Get Free Report)

Iluka Resources Limited is an Australian mineral sands company that explores, develops and operates mineral sands deposits. Its principal products include zircon, a mineral used in ceramics and other industrial applications, as well as titanium dioxide feedstocks such as rutile, synthetic rutile and ilmenite, which are used in pigments, welding products and other manufacturing processes.

The company operates primarily in Australia and supplies customers in international markets. Iluka has historically maintained mineral sands operations in Western Australia, South Australia and Victoria, and has also held interests in overseas projects.

Further Reading

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