Tronox (NYSE:TROX) Price Target Raised to $7.00

Tronox (NYSE:TROX) had its target price upped by Truist Financial from $5.00 to $7.00 in a research report released on Wednesday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

Several other research firms have also commented on TROX. The Goldman Sachs Group upped their price objective on Tronox from $4.25 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tronox in a report on Friday, October 3rd. UBS Group lifted their price objective on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $6.00 price objective on shares of Tronox in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.53.

Tronox Trading Down 2.8%

NYSE TROX opened at $6.29 on Wednesday. Tronox has a 1 year low of $2.86 and a 1 year high of $10.60. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.72 and a quick ratio of 0.73. The company has a market capitalization of $997.12 million, a PE ratio of -3.07 and a beta of 1.16. The company has a fifty day moving average of $4.50 and a 200 day moving average of $4.31.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The company had revenue of $699.00 million during the quarter, compared to analyst estimates of $776.21 million. Tronox had a negative net margin of 11.39% and a negative return on equity of 8.10%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.13) EPS. Research analysts forecast that Tronox will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, November 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, November 10th. Tronox’s payout ratio is presently -9.76%.

Hedge Funds Weigh In On Tronox

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new position in Tronox in the third quarter valued at approximately $37,000. Headlands Technologies LLC bought a new stake in shares of Tronox in the 2nd quarter worth approximately $38,000. Westview Management dba Westview Investment Advisors bought a new stake in shares of Tronox in the 4th quarter worth approximately $42,000. Pacific Sage Partners LLC acquired a new position in Tronox during the 4th quarter valued at approximately $46,000. Finally, Public Employees Retirement System of Ohio grew its stake in Tronox by 48.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock worth $50,000 after buying an additional 3,231 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.