Analysts Set Tronox Holdings PLC (NYSE:TROX) PT at $6.79

Shares of Tronox Holdings PLC (NYSE:TROX) have been assigned a consensus rating of “Reduce” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.7857.

Several analysts have weighed in on TROX shares. UBS Group boosted their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on Tronox in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a report on Wednesday, July 22nd.

Institutional Trading of Tronox

Several hedge funds and other institutional investors have recently bought and sold shares of TROX. Converium Capital Inc. lifted its holdings in Tronox by 33.3% in the first quarter. Converium Capital Inc. now owns 200,000 shares of the company’s stock valued at $1,954,000 after acquiring an additional 50,000 shares during the period. Royal Bank of Canada grew its stake in shares of Tronox by 21,419.9% during the 1st quarter. Royal Bank of Canada now owns 1,065,665 shares of the company’s stock worth $10,412,000 after purchasing an additional 1,060,713 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Tronox by 6.7% during the 1st quarter. Quantinno Capital Management LP now owns 167,851 shares of the company’s stock valued at $1,640,000 after purchasing an additional 10,595 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Tronox by 6.3% during the 1st quarter. Lazard Asset Management LLC now owns 64,985 shares of the company’s stock valued at $635,000 after purchasing an additional 3,861 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Tronox in the 1st quarter valued at $2,102,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Up 0.1%

NYSE:TROX opened at $5.84 on Monday. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. Tronox has a twelve month low of $2.86 and a twelve month high of $10.59. The company has a market cap of $932.42 million, a PE ratio of -2.00 and a beta of 0.80. The company’s 50 day moving average is $6.86 and its two-hundred day moving average is $7.55.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The company had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Analysts anticipate that Tronox will post -1.27 EPS for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, August 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 10th. Tronox’s dividend payout ratio (DPR) is currently -6.85%.

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.