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Mitsubishi UFJ’s First Sentier Gains Substantial Holding in Iluka Resources

Story Highlights
  • First Sentier Investors, a Mitsubishi UFJ subsidiary, now holds significant voting power in Iluka Resources.
  • This strategic move may influence Iluka’s market position and shareholder dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ’s First Sentier Gains Substantial Holding in Iluka Resources

Confident Investing Starts Here:

Iluka Resources Limited ( (AU:ILU) ) just unveiled an update.

First Sentier Investors Holdings Pty Limited, a subsidiary of Mitsubishi UFJ Financial Group Inc., has become a substantial holder in Iluka Resources Ltd, acquiring a significant voting power in the company. This development indicates a strategic investment move by Mitsubishi UFJ Financial Group, potentially impacting Iluka Resources’ market positioning and shareholder dynamics.

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: 3,321,503

Technical Sentiment Signal: Sell

Current Market Cap: A$1.65B

For an in-depth examination of ILU stock, go to TipRanks’ Stock Analysis page.

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