Iluka Resources (OTCMKTS:ILKAY) Shares Down 8.2% – What’s Next?

Iluka Resources Limited (OTCMKTS:ILKAY) traded down 8.2% on Wednesday . The company traded as low as $21.70 and last traded at $21.70. 100 shares traded hands during trading, a decline of 77% from the average session volume of 440 shares. The stock had previously closed at $23.64.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised Iluka Resources to a “hold” rating in a research report on Wednesday, August 28th.

Iluka Resources Stock Performance

The stock has a 50-day simple moving average of $20.36 and a two-hundred day simple moving average of $22.14.

Iluka Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.1079 per share. The ex-dividend date of this dividend was Wednesday, September 4th. Iluka Resources’s dividend payout ratio (DPR) is presently -448.45%.

About Iluka Resources

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.