Tronox (NYSE:TROX) Shares Down 6.9%

Shares of Tronox Ltd (NYSE:TROX) traded down 6.9% on Tuesday . The company traded as low as $10.52 and last traded at $10.65, 3,496,920 shares traded hands during trading. An increase of 138% from the average session volume of 1,466,969 shares. The stock had previously closed at $11.44.

Several equities analysts have recently issued reports on TROX shares. ValuEngine lowered Tronox from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Zacks Investment Research cut Tronox from a “buy” rating to a “hold” rating in a report on Friday, October 18th. BMO Capital Markets set a $18.00 price objective on Tronox and gave the stock a “buy” rating in a research report on Monday, August 12th. Alembic Global Advisors reissued a “buy” rating and set a $19.00 price objective on shares of Tronox in a report on Monday. Finally, TheStreet downgraded shares of Tronox from a “c-” rating to a “d+” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.64.

The business’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $9.90. The company has a current ratio of 3.26, a quick ratio of 1.62 and a debt-to-equity ratio of 3.80. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 19.02 and a beta of 3.50.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.06. Tronox had a positive return on equity of 6.56% and a negative net margin of 4.79%. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $797.64 million. During the same quarter in the prior year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 68.4% on a year-over-year basis. As a group, research analysts anticipate that Tronox Ltd will post 0.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 19th were issued a $0.045 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.18 dividend on an annualized basis and a yield of 1.69%. Tronox’s dividend payout ratio is presently 32.14%.

Large investors have recently added to or reduced their stakes in the business. BBVA USA Bancshares Inc. boosted its holdings in Tronox by 8.1% during the third quarter. BBVA USA Bancshares Inc. now owns 16,414 shares of the company’s stock worth $136,000 after buying an additional 1,223 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tronox by 26.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,882 shares of the company’s stock valued at $75,000 after acquiring an additional 1,244 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Tronox in the 2nd quarter valued at approximately $43,000. Swiss National Bank raised its position in shares of Tronox by 2.2% in the 2nd quarter. Swiss National Bank now owns 175,300 shares of the company’s stock valued at $2,240,000 after acquiring an additional 3,700 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Tronox by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 136,957 shares of the company’s stock valued at $1,137,000 after acquiring an additional 3,802 shares during the period. 58.19% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Company Profile (NYSE:TROX)

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

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