Iluka Resources (OTCMKTS:ILKAY) Upgraded at Zacks Research

Zacks Research upgraded shares of Iluka Resources (OTCMKTS:ILKAY) to a hold rating in a research note released on Wednesday,Zacks.com reports.

Iluka Resources Price Performance

Shares of ILKAY stock opened at $26.90 on Wednesday. Iluka Resources has a one year low of $11.45 and a one year high of $35.77. The company’s 50-day moving average is $22.12 and its 200 day moving average is $21.84.

Iluka Resources Company Profile

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.