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Iluka Resources Limited ( (AU:ILU) ) just unveiled an announcement.
Iluka Resources Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding is due to the purchase of securities by an entity controlled by Morgan Stanley, which affected the voting securities held by Mitsubishi UFJ Financial Group, Inc. This development may impact the company’s shareholder structure and influence its future strategic decisions.
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: -25.64%
Average Trading Volume: 3,657,533
Technical Sentiment Signal: Sell
Current Market Cap: A$1.6B
For an in-depth examination of ILU stock, go to TipRanks’ Overview page.