Alembic Global Advisors Reaffirms Buy Rating for Tronox (OTCMKTS:TROX)

Alembic Global Advisors reissued their buy rating on shares of Tronox (OTCMKTS:TROX) in a research report released on Monday, December 18th.

A number of other research firms have also recently issued reports on TROX. UBS Group lifted their target price on shares of Tronox from $17.00 to $18.00 and gave the company a sell rating in a research note on Thursday, November 9th. Barclays started coverage on shares of Tronox in a research note on Thursday, December 14th. They issued an overweight rating and a $25.00 target price for the company. JPMorgan Chase & Co. reiterated a buy rating and issued a $23.00 target price on shares of Tronox in a research note on Wednesday, December 6th. BidaskClub upgraded shares of Tronox from a buy rating to a strong-buy rating in a research note on Friday, October 6th. Finally, Vertical Research began coverage on shares of Tronox in a research report on Monday, October 23rd. They issued a buy rating for the company. Two equities research analysts have rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $25.25.

Tronox (OTCMKTS:TROX) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.15. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $436.92 million. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) earnings per share.

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Tronox Company Profile

Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.

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