Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) shares were down 4.8% during trading on Thursday. The company traded as low as $19.8212 and last traded at $19.8212. 2,559 shares traded hands during trading, a decline of 2% from the average session volume of 2,603 shares. The stock had previously closed at $20.82.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group upgraded Iluka Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on ILKAY
Iluka Resources Stock Performance
About Iluka Resources
Iluka Resources Limited is an Australian mineral sands company that explores, develops and operates mineral sands projects. Its principal products include zircon, rutile and synthetic rutile, which are used in ceramics, pigments, welding, titanium dioxide production and other industrial applications.
The company’s operations and projects are primarily located in Australia, with a history of international mineral sands activities. Iluka has produced mineral sands from locations including Western Australia, South Australia and Victoria, and supplies customers in global markets.
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