Iluka Resources (OTCMKTS:ILKAY) Shares Down 10.7% – Should You Sell?

Iluka Resources Limited (OTCMKTS:ILKAY) shares fell 10.7% during trading on Thursday . The company traded as low as $18.98 and last traded at $18.98. 102 shares traded hands during trading, a decline of 76% from the average session volume of 431 shares. The stock had previously closed at $21.26.

Analysts Set New Price Targets

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

Iluka Resources Price Performance

The company has a fifty day moving average price of $21.34 and a 200-day moving average price of $21.75.

Iluka Resources Cuts Dividend

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

Iluka Resources Company Profile

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.