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Iluka Resources Limited ( (AU:ILU) ) just unveiled an update.
Norges Bank has become a substantial holder in Iluka Resources Limited, acquiring a 5.43% voting power through its management of ordinary shares. This development signifies a notable investment by the Central Bank of Norway, potentially impacting Iluka’s shareholder dynamics and reflecting confidence in the company’s market position.
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
Iluka Resources Limited operates in the mining industry, primarily focusing on the exploration and production of mineral sands, including zircon and titanium dioxide products. The company is a significant player in the global market for these minerals, which are essential for various industrial applications.
Average Trading Volume: 4,269,832
Technical Sentiment Signal: Sell
Current Market Cap: A$2.1B
See more data about ILU stock on TipRanks’ Stock Analysis page.