Mizuho Forecasts Strong Price Appreciation for Tronox (NYSE:TROX) Stock

Tronox (NYSE:TROX) had its target price raised by investment analysts at Mizuho from $4.50 to $5.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Mizuho’s price objective suggests a potential downside of 32.48% from the company’s current price.

A number of other equities research analysts also recently issued reports on TROX. UBS Group boosted their price target on shares of Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 target price on shares of Tronox in a research report on Tuesday, January 27th. BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Truist Financial raised their price target on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Tronox currently has an average rating of “Hold” and a consensus target price of $6.40.

Tronox Trading Up 5.6%

Tronox stock traded up $0.40 during mid-day trading on Monday, hitting $7.41. The company’s stock had a trading volume of 1,284,460 shares, compared to its average volume of 4,050,690. The stock’s fifty day moving average is $6.89 and its two-hundred day moving average is $5.06. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $1.17 billion, a PE ratio of -2.50 and a beta of 1.11. Tronox has a 1 year low of $2.86 and a 1 year high of $8.80.

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

Insider Buying and Selling

In related news, insider Jonathan Flood sold 8,008 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.58, for a total transaction of $52,692.64. Following the sale, the insider directly owned 92,861 shares in the company, valued at approximately $611,025.38. This represents a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey N. Neuman sold 22,965 shares of Tronox stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $151,339.35. Following the completion of the transaction, the senior vice president owned 248,831 shares of the company’s stock, valued at $1,639,796.29. This represents a 8.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 172,711 shares of company stock worth $1,145,137 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Tronox

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Tronox by 203.0% in the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after buying an additional 4,378,023 shares in the last quarter. Shah Capital Management increased its holdings in shares of Tronox by 650.0% in the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after acquiring an additional 2,600,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Tronox by 123.0% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock worth $18,128,000 after acquiring an additional 2,398,038 shares in the last quarter. CenterBook Partners LP purchased a new stake in Tronox during the third quarter worth approximately $6,552,000. Finally, Bank of America Corp DE boosted its holdings in Tronox by 199.3% in the third quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock valued at $8,277,000 after purchasing an additional 1,371,158 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Company Profile

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.