Tronox (NYSE:TROX) Shares Gap Up on Analyst Upgrade

Shares of Tronox Holdings PLC (NYSE:TROX) gapped up prior to trading on Wednesday after Truist Financial raised their price target on the stock from $5.00 to $7.00. The stock had previously closed at $5.54, but opened at $5.85. Truist Financial currently has a buy rating on the stock. Tronox shares last traded at $5.9650, with a volume of 957,572 shares.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tronox in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $6.00 price target on shares of Tronox in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. UBS Group boosted their target price on shares of Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group upped their target price on shares of Tronox from $4.25 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Five equities 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 stock. Based on data from MarketBeat, Tronox has an average rating of “Hold” and an average price target of $5.53.

Hedge Funds Weigh In On Tronox

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oak Thistle LLC acquired a new stake in shares of Tronox during the 4th quarter worth approximately $59,000. Pacific Sage Partners LLC acquired a new stake in Tronox in the fourth quarter worth $46,000. Shah Capital Management increased its position in Tronox by 650.0% in the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after buying an additional 2,600,000 shares during the period. Westview Management dba Westview Investment Advisors bought a new stake in Tronox in the fourth quarter valued at $42,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Tronox during the third quarter valued at $51,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Trading Up 11.3%

The firm’s fifty day moving average price is $4.38 and its 200-day moving average price is $4.29. The company has a market cap of $977.46 million, a price-to-earnings ratio of -3.01 and a beta of 1.16. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.72 and a quick ratio of 0.73.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $776.21 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The company’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 fiscal year.

Tronox Dividend Announcement

The firm also recently declared 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 3.2%. The ex-dividend date of this dividend was Monday, November 10th. Tronox’s dividend payout ratio (DPR) is -9.76%.

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.