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Iluka Resources Limited ( (AU:ILU) ) has issued an announcement.
Iluka Resources Limited has experienced a change in the interests of a substantial holder, Mitsubishi UFJ Financial Group, Inc., which now holds a significant number of fully paid ordinary shares in the company. This change in shareholding reflects a shift in voting power, potentially impacting the company’s governance and strategic decisions. The adjustment in Mitsubishi UFJ Financial Group’s stake could influence Iluka’s market positioning and stakeholder dynamics, given the substantial voting power held by the financial group.
The most recent analyst rating on (AU:ILU) stock is a Buy with a A$4.65 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
Average Trading Volume: 3,915,975
Technical Sentiment Signal: Sell
Current Market Cap: A$1.62B
Learn more about ILU stock on TipRanks’ Stock Analysis page.