Easy one.
ILU - ILUKA RESOURCES LIMITED
RBS Australia rates ILU as Upgrade to Buy from Hold (1) - Target $16.09 (was $14.33). Zircon prices continue to increase and this causes the broker to lift earnings estimates for the company. The changes mean an increase in price target. Even allowing for recent share price gains the broker suggests the zircon price thematic could still exceed expectations. This sees the broker upgrade to a Buy rating.
Now I've read many minerals sands reports over the years and RBS were the first to pick up the supply issues regarding China. I treat their intelligence and their research reporting as gospel.
Regards
Pep
up 6.6%??, page-2
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Last
$6.16 |
Change
0.130(2.16%) |
Mkt cap ! $2.636B | |||
| Open | High | Low | Value | Volume |
| $6.10 | $6.16 | $6.02 | $27.27M | 4.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 49279 | $6.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.16 | 23578 | 5 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ILU (ASX) Chart |