Tronox (NYSE:TROX) Trading Up 7.6% – Here’s Why

Tronox Holdings PLC (NYSE:TROX)’s share price traded up 7.6% during mid-day trading on Tuesday . The company traded as high as $8.11 and last traded at $8.0450. 1,389,519 shares were traded during mid-day trading, a decline of 61% from the average session volume of 3,586,794 shares. The stock had previously closed at $7.48.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Mizuho upped their price target on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Truist Financial lifted their price objective on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group increased their target price on shares of Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $8.00 price target on shares of Tronox in a report on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.03.

Tronox Stock Performance

The company has a 50 day moving average price of $5.23 and a 200-day moving average price of $4.39. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. The company has a market cap of $1.25 billion, a P/E ratio of -3.84 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TROX. Van ECK Associates Corp lifted its position in Tronox by 203.0% in the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after purchasing an additional 4,378,023 shares during the period. Primecap Management Co. CA lifted its position in Tronox by 10.6% in the 3rd quarter. Primecap Management Co. CA now owns 4,704,502 shares of the company’s stock worth $18,912,000 after buying an additional 452,000 shares in the last quarter. Lightrock Netherlands B.V. boosted its stake in shares of Tronox by 66.8% during the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after buying an additional 1,222,115 shares during the period. Shah Capital Management grew its holdings in shares of Tronox by 650.0% during the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after acquiring an additional 2,600,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tronox by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,846,828 shares of the company’s stock worth $11,873,000 after acquiring an additional 20,837 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

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.