Tronox (NYSE:TROX) Trading Up 7.8% – Still a Buy?

Tronox Holdings PLC (NYSE:TROX) shares were up 7.8% during trading on Monday . The stock traded as high as $6.90 and last traded at $6.7790. Approximately 1,212,912 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 3,482,008 shares. The stock had previously closed at $6.29.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TROX. The Goldman Sachs Group raised their price target on Tronox from $4.25 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research note on Wednesday. UBS Group lifted their price target on Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Mizuho upped their price target on Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. Finally, Truist Financial raised their price objective on shares of Tronox from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.53.

Tronox Price Performance

The company has a market cap of $1.04 billion, a P/E ratio of -3.21 and a beta of 1.16. The stock has a 50-day simple moving average of $4.50 and a 200 day simple moving average of $4.29. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72.

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

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, November 10th. Tronox’s dividend payout ratio (DPR) is presently -9.76%.

Institutional Trading of Tronox

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TROX. AQR Capital Management LLC acquired a new stake in Tronox during the first quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Tronox by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after buying an additional 3,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Tronox by 12.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after buying an additional 41,092 shares during the period. Jane Street Group LLC boosted its stake in Tronox by 93.2% in the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after buying an additional 57,237 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Tronox by 105.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 67,582 shares of the company’s stock valued at $377,000 after acquiring an additional 34,646 shares during the period. 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.