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Iluka Resources Limited ( (AU:ILU) ) has issued an update.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Iluka Resources Limited, acquiring significant voting power through its interests in Morgan Stanley and First Sentier Investors Holdings Pty Limited. This development indicates a strategic move by Mitsubishi UFJ Financial Group to strengthen its influence in Iluka Resources, potentially impacting the company’s governance and decision-making processes.
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
Average Trading Volume: 3,316,673
Technical Sentiment Signal: Sell
Current Market Cap: A$1.67B
See more data about ILU stock on TipRanks’ Stock Analysis page.