Iluka Resources (OTCMKTS:ILKAY) Lowered to Sell at Citigroup

Iluka Resources (OTCMKTS:ILKAYGet Rating) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued on Thursday, April 14th, The Fly reports.

Separately, The Goldman Sachs Group upgraded Iluka Resources from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, January 12th.

ILKAY remained flat at $$38.35 during trading on Thursday. The company’s fifty day moving average price is $40.03 and its 200-day moving average price is $37.09. Iluka Resources has a twelve month low of $30.00 and a twelve month high of $45.57.

Iluka Resources Company Profile (Get Rating)

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands. The company operates through Jacinth-Ambrosia/Mid West, Cataby/South West, Sierra Rutile, and United States/Murray Basin segments. It produces zircon; titanium dioxide products of rutile and synthetic rutile; and ilmenite, as well as activated carbon and iron concentrate products.

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