Tronox (NYSE:TROX) Stock Price Up 10.4% – Time to Buy?

Tronox Holdings PLC (NYSE:TROX)’s stock price was up 10.4% during mid-day trading on Monday . The company traded as high as $4.72 and last traded at $4.7150. Approximately 524,656 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 1,330,997 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Tronox from $4.25 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $6.00 target price on shares of Tronox in a research note on Tuesday, December 16th. Alembic Global Advisors reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Tronox in a report on Monday, September 15th. UBS Group dropped their price objective on shares of Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Tronox in a research note on Friday, October 3rd. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.18.

Tronox Stock Performance

The company has a market cap of $739.48 million, a P/E ratio of -2.28 and a beta of 1.16. The stock has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $4.27. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.72 and a quick ratio of 0.73.

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 business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $776.21 million. During the same period in the previous year, the firm earned ($0.13) EPS. The firm’s revenue was down 13.1% on a year-over-year basis. On average, equities analysts forecast that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, November 10th. Tronox’s dividend payout ratio is currently -9.76%.

Institutional Investors Weigh In On Tronox

A number of institutional investors have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new position in Tronox during the 3rd quarter valued at $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Tronox in the third quarter valued at $37,000. Dark Forest Capital Management LP grew its holdings in Tronox by 61.0% during the third quarter. Dark Forest Capital Management LP now owns 528,515 shares of the company’s stock worth $2,125,000 after acquiring an additional 200,214 shares during the period. Voleon Capital Management LP raised its position in Tronox by 372.5% in the third quarter. Voleon Capital Management LP now owns 326,452 shares of the company’s stock worth $1,312,000 after acquiring an additional 257,360 shares in the last quarter. Finally, Whitebox Advisors LLC acquired a new stake in Tronox in the 3rd quarter valued at about $1,486,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.