Iluka Resources (OTCMKTS:ILKAY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Iluka Resources (OTCMKTS:ILKAY) from a buy rating to a conviction-buy rating in a research note released on Wednesday morning, The Fly reports.

Separately, Citigroup lowered shares of Iluka Resources from a buy rating to a neutral rating in a research note on Wednesday, September 29th.

Shares of ILKAY opened at $40.71 on Wednesday. The firm’s fifty day simple moving average is $33.84 and its two-hundred day simple moving average is $34.09. Iluka Resources has a 12 month low of $25.50 and a 12 month high of $40.71.

Iluka Resources Company Profile

Iluka Resources Ltd. engages in the exploration, development, mining, processing, marketing, and rehabilitation of mineral sands products. It operates through the following segments: Jacinth-Ambrosia (JA), Cataby (C), Sierra Rutile (SRL), Mining Area C (MAC), and United States (US). The AUS segment comprises the mining operations at Jacinth-Ambrosia located in South Australia, and associated processing operations at the Narngulu mineral separation plant in mid-west Western Australia.

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