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Iluka Resources Limited (ASX: ILU)‘s stock had its “underperform” rating reaffirmed by research analysts at RBC Capital in a report released on Tuesday. They currently have a $7.89 (8 AUD) target price on the stock.
Iluka Resources Limited remained flat at A$9.500 during trading on Tuesday. Iluka Resources Limited has a 52-week low of A$8.340 and a 52-week high of A$19.055. The stock’s 50-day moving average is currently A$9.94. The company has a market cap of A$3.964 billion and a price-to-earnings ratio of 5.93.
Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Iluka Resources Limited in a research note to investors on Thursday, December 13th. They now have a $7.93 price target on the stock.
Iluka Resources Limited is the producer of zircon globally and producer of the titanium dioxide products of rutile and synthetic rutile, with operations in Australia and Virginia, United States.