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

Tronox (NYSE:TROX) had its price target hoisted by Truist Financial from $5.00 to $7.00 in a report published on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

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

Tronox Stock Up 11.3%

TROX opened at $6.17 on Wednesday. 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 firm has a market cap of $977.46 million, a P/E ratio of -3.01 and a beta of 1.16. Tronox has a 52 week low of $2.86 and a 52 week high of $10.60. The business’s fifty day simple moving average is $4.38 and its 200 day simple moving average is $4.29.

Tronox (NYSE:TROX) last announced its earnings results 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 analyst estimates of $776.21 million. During the same period in the previous year, the firm posted ($0.13) EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA lifted its position in shares of Tronox by 192.2% during the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after purchasing an additional 2,797,002 shares in the last quarter. SG Americas Securities LLC grew its holdings in Tronox by 244.6% during the 2nd quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock valued at $746,000 after purchasing an additional 104,381 shares in the last quarter. Franklin Resources Inc. increased its stake in Tronox by 1,712.8% during the 2nd quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock worth $4,302,000 after buying an additional 801,620 shares during the period. Envestnet Asset Management Inc. acquired a new position in Tronox in the 2nd quarter worth $395,000. Finally, Inspire Advisors LLC boosted its position in Tronox by 20.2% in the 3rd quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock valued at $2,222,000 after buying an additional 93,012 shares during the last quarter. Institutional investors and hedge funds 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.