Tronox Holdings PLC (NYSE:TROX) Receives $6.30 Average Price Target from Analysts

Tronox Holdings PLC (NYSE:TROX) has received a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.30.

TROX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. UBS Group increased their price target on Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Truist Financial upped their price objective on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st.

Tronox Trading Up 4.3%

Shares of Tronox stock opened at $7.47 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The company has a market capitalization of $1.18 billion, a P/E ratio of -2.51 and a beta of 1.11. Tronox has a 1 year low of $2.86 and a 1 year high of $8.80. The company’s fifty day moving average is $6.13 and its two-hundred day moving average is $4.74.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The business had revenue of $730.00 million for the quarter, compared to analyst estimates of $730.22 million. During the same quarter last year, the company posted $0.03 EPS. Tronox’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts forecast that Tronox will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be given a $0.05 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.7%. Tronox’s dividend payout ratio (DPR) is presently -6.73%.

Hedge Funds Weigh In On Tronox

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in shares of Tronox in the 1st quarter valued at approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after acquiring an additional 3,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Tronox by 12.6% in the first 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 period. Jane Street Group LLC boosted its position in shares of Tronox by 93.2% during the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after purchasing an additional 57,237 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Tronox during the 2nd quarter worth $64,000. 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.