This seems to be a very unfollowed & good value company. Some really good value today which is strange as there is a recommendation upgrade ....possibly shorters exiting? thoughts
Iluka Resources is a "buy" at UBS with a 12-month price target at $8.50 a share. UBS says there are indications that price pressure in the titanium market is starting to ease, supported by improved demand in North America and China. "Our forecasts assume improved sales volume in 2015 relative to 2014 and again in 2016. We have flat price forecasts for zircon and titanium feedstock until mid-2016 before recovery in H2 16.
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....possibly shorters exiting? thoughts
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