Tronox (NYSE:TROX) Price Target Lowered to $3.00 at Mizuho

Tronox (NYSE:TROX) had its target price decreased by investment analysts at Mizuho from $3.50 to $3.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s price target indicates a potential downside of 3.38% from the company’s previous close.

Several other brokerages also recently issued reports on TROX. Morgan Stanley lowered their price target on Tronox from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tronox in a research note on Friday, October 3rd. The Goldman Sachs Group reduced their target price on shares of Tronox from $7.00 to $4.50 and set a “buy” rating for the company in a research note on Thursday, August 7th. Truist Financial reduced their target price on shares of Tronox from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.93.

Tronox Stock Performance

Shares of NYSE:TROX traded down $0.09 during midday trading on Thursday, hitting $3.11. The company’s stock had a trading volume of 5,506,307 shares, compared to its average volume of 3,230,252. The stock has a market capitalization of $492.22 million, a price-to-earnings ratio of -1.97 and a beta of 1.36. The stock’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $4.72. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $12.84. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The business had revenue of $699.00 million during the quarter, compared to analyst estimates of $776.21 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) earnings per share. Tronox has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Tronox will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Peter Johnston acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $3.21 per share, for a total transaction of $64,200.00. Following the transaction, the director directly owned 191,513 shares of the company’s stock, valued at approximately $614,756.73. This trade represents a 11.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wellington Shields Capital Management LLC raised its position in Tronox by 47.7% in the 3rd quarter. Wellington Shields Capital Management LLC now owns 866,706 shares of the company’s stock worth $3,484,000 after purchasing an additional 279,790 shares during the last quarter. Jones Financial Companies Lllp raised its position in Tronox by 459.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 25,120 shares of the company’s stock worth $101,000 after purchasing an additional 20,631 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in Tronox by 2.6% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 151,576 shares of the company’s stock worth $609,000 after acquiring an additional 3,828 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Tronox during the 3rd quarter worth $67,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Tronox by 25.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,998 shares of the company’s stock worth $92,000 after acquiring an additional 4,618 shares during the period. Institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.