Tronox Ltd (TROX) Price Target Raised to $17.00
Tronox Ltd (NASDAQ:TROX) had its target price raised by UBS AG from $16.00 to $17.00 in a research report released on Friday, www.benzinga.com reports. They currently have a sell rating on the stock.
Separately, BidaskClub upgraded shares of Tronox from a buy rating to a strong-buy rating in a research note on Wednesday, September 13th.
Tronox (NASDAQ:TROX) opened at 26.83 on Friday. The firm has a market cap of $3.19 billion and a price-to-earnings ratio of 67.24. Tronox has a one year low of $7.40 and a one year high of $27.22. The firm has a 50-day moving average of $22.69 and a 200-day moving average of $18.44.
Tronox (NASDAQ:TROX) last posted its earnings results on Tuesday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.16. The firm had revenue of $622.00 million during the quarter, compared to analyst estimates of $601.55 million. During the same quarter in the previous year, the business posted ($0.43) earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that Tronox will post $0.01 EPS for the current year.
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In related news, SVP Jogita Khilnani sold 5,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $20.78, for a total value of $103,900.00. Following the transaction, the senior vice president now directly owns 29,405 shares in the company, valued at approximately $611,035.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $20.70, for a total transaction of $253,140.30. Following the completion of the transaction, the senior vice president now owns 175,528 shares in the company, valued at $3,633,429.60. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of TROX. FMR LLC grew its stake in Tronox by 195.5% in the 2nd quarter. FMR LLC now owns 9,696,579 shares of the company’s stock valued at $146,612,000 after buying an additional 6,415,494 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tronox by 17.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,938,627 shares of the company’s stock valued at $74,668,000 after purchasing an additional 750,290 shares during the period. Fine Capital Partners L.P. boosted its holdings in Tronox by 19.8% in the 2nd quarter. Fine Capital Partners L.P. now owns 4,526,988 shares of the company’s stock valued at $68,448,000 after purchasing an additional 749,410 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Tronox by 25.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,172,642 shares of the company’s stock valued at $47,970,000 after purchasing an additional 646,598 shares during the period. Finally, Schneider Capital Management Corp bought a new stake in Tronox in the 2nd quarter valued at $9,076,000.
Tronox Company Profile
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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