Tronox (NYSE:TROX) Trading 7.8% Higher – What’s Next?

Shares of Tronox Holdings PLC (NYSE:TROX) rose 7.8% during trading on Monday . The stock traded as high as $6.90 and last traded at $6.7790. Approximately 1,212,912 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 3,482,008 shares. The stock had previously closed at $6.29.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TROX shares. Truist Financial raised their price objective on Tronox from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group upped their target price on Tronox from $4.25 to $5.50 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. UBS Group raised their price target on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Mizuho upped their target price on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Tronox presently has a consensus rating of “Hold” and an average target price of $5.73.

Tronox Stock Up 0.2%

The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. The business’s 50-day moving average is $4.71 and its two-hundred day moving average is $4.32. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -3.17 and a beta of 1.16.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (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 business 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. Tronox’s revenue was down 13.1% compared to the same quarter last year. Equities analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in shares of Tronox during the 1st quarter worth $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Tronox by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after buying an additional 3,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Tronox by 12.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock valued at $2,578,000 after acquiring an additional 41,092 shares during the last quarter. Jane Street Group LLC grew its holdings in Tronox by 93.2% in the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after purchasing an additional 57,237 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Tronox by 105.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 67,582 shares of the company’s stock worth $377,000 after acquiring an additional 34,646 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.