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Iluka Resources Director Increases Shareholding, Signaling Confidence

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Confident Investing Starts Here:

Iluka Resources Limited ( (AU:ILU) ) has issued an announcement.

Iluka Resources Limited has announced a change in the director’s interest, specifically for Peter Andrew Smith, who has increased his indirect interest in the company by acquiring additional ordinary shares. This change reflects an on-market trade, resulting in a total holding of 29,280 ordinary shares. This acquisition may indicate confidence in the company’s future performance and could impact stakeholders’ perception of the company’s market positioning.

The most recent analyst rating on (AU:ILU) stock is a Hold with a A$6.70 price target. To see the full list of analyst forecasts on Iluka Resources Limited stock, see the AU:ILU Stock Forecast page.

More about Iluka Resources Limited

Iluka Resources Limited operates in the mining industry, primarily focusing on the exploration, project development, operations, and marketing of mineral sands. The company is a major producer of zircon and the high-grade titanium dioxide products of rutile and synthetic rutile, with a market focus on supplying these materials to various industries globally.

Average Trading Volume: 3,228,162

Technical Sentiment Signal: Sell

Current Market Cap: A$1.78B

Find detailed analytics on ILU stock on TipRanks’ Stock Analysis page.

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