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Mitsubishi UFJ Financial Group Acquires Substantial Holding in Iluka Resources

Story Highlights
  • Mitsubishi UFJ Financial Group has acquired a 5.10% voting power in Iluka Resources.
  • This acquisition indicates Mitsubishi UFJ’s strategic interest in Iluka’s market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ Financial Group Acquires Substantial Holding in Iluka Resources

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The latest update is out from Iluka Resources Limited ( (AU:ILU) ).

Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Iluka Resources Limited, acquiring a significant voting power of 5.10% through various securities. This development highlights Mitsubishi UFJ’s strategic interest in Iluka Resources, potentially influencing the company’s future decisions and market positioning.

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

YTD Price Performance: -28.84%

Average Trading Volume: 3,706,054

Technical Sentiment Signal: Sell

Current Market Cap: A$1.53B

See more data about ILU stock on TipRanks’ Stock Analysis page.

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