Brokerages Set Tronox Holdings PLC (NYSE:TROX) Target Price at $6.03

Tronox Holdings PLC (NYSE:TROX) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.0250.

TROX has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Truist Financial raised their price objective on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $8.00 price objective on shares of Tronox in a report on Tuesday, January 27th. Finally, Mizuho increased their target price on Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a report on Wednesday, December 10th.

Institutional Investors Weigh In On Tronox

Several hedge funds and other institutional investors have recently made changes to their positions in TROX. Van ECK Associates Corp lifted its position in Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after acquiring an additional 4,378,023 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Tronox by 192.2% in 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 during the last quarter. Shah Capital Management lifted its holdings in shares of Tronox by 650.0% in the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after purchasing an additional 2,600,000 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Tronox during the third quarter valued at approximately $6,552,000. Finally, Bank of America Corp DE grew its holdings in Tronox by 199.3% during the third quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock worth $8,277,000 after buying an additional 1,371,158 shares in the last quarter. 73.36% of the stock is owned by institutional investors.

Tronox Trading Up 7.0%

Shares of TROX stock opened at $7.45 on Monday. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $10.53. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72. The stock has a 50 day simple moving average of $5.03 and a two-hundred day simple moving average of $4.36. The company has a market cap of $1.18 billion, a P/E ratio of -3.63 and a beta of 1.18.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The company had revenue of $699.00 million for the quarter, compared to analyst estimates of $776.21 million. During the same period last year, the business earned ($0.13) EPS. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. Research analysts forecast that Tronox will post 0.49 earnings per share for the current year.

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.