Brokerages Set Tronox Holdings PLC (NYSE:TROX) Price Target at $6.79

Shares of Tronox Holdings PLC (NYSE:TROX) have earned a consensus rating of “Reduce” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.7857.

Several research firms have recently weighed in on TROX. Deutsche Bank Aktiengesellschaft set a $10.00 target price on Tronox in a research report on Wednesday, May 20th. Weiss Ratings cut Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target for the company in a research report on Thursday, June 11th. Wall Street Zen downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, The Goldman Sachs Group decreased their price objective on Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a report on Wednesday, July 22nd.

Tronox Stock Down 1.4%

TROX opened at $6.07 on Monday. The company has a market cap of $967.49 million, a PE ratio of -2.08 and a beta of 0.80. Tronox has a twelve month low of $2.86 and a twelve month high of $10.59. The company has a 50-day moving average price of $6.92 and a 200 day moving average price of $7.54. The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The firm had revenue of $760.00 million during the quarter, compared to analyst estimates of $751.38 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts expect that Tronox will post -1.27 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, August 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, August 10th. Tronox’s dividend payout ratio is -6.85%.

Hedge Funds Weigh In On Tronox

Several hedge funds and other institutional investors have recently modified their holdings of the business. Shah Capital Management grew its stake in Tronox by 650.0% during 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 in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in Tronox by 123.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after acquiring an additional 2,398,038 shares during the last quarter. Bank of America Corp DE lifted its stake in Tronox by 199.3% in the 3rd quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock worth $8,277,000 after purchasing an additional 1,371,158 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Tronox by 355.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock worth $8,366,000 after purchasing an additional 1,287,755 shares in the last quarter. Finally, Lightrock Netherlands B.V. boosted its holdings in shares of Tronox by 66.8% during the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock worth $12,724,000 after purchasing an additional 1,222,115 shares during 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.