Tronox (TROX) Stock Price Up NaN
Shares of Tronox Ltd (OTCMKTS:TROX) rose NaN during mid-day trading on Friday . The stock traded as high as $20.45 and last traded at $0.00. Approximately 0 shares traded hands during mid-day trading, an increase of NaN from the average daily volume of 0 shares.
A number of brokerages have weighed in on TROX. BidaskClub raised shares of Tronox from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 13th. Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a report on Monday, October 23rd. UBS reissued a “sell” rating and set a $16.00 target price (up from $15.00) on shares of Tronox in a report on Wednesday, September 20th. J P Morgan Chase & Co began coverage on shares of Tronox in a report on Tuesday, October 24th. They set an “overweight” rating on the stock. Finally, Vertical Research began coverage on shares of Tronox in a report on Monday, October 23rd. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $25.33.
Tronox (OTCMKTS:TROX) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.15. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $436.92 million. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.34) EPS.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were given a $0.045 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.18 dividend on an annualized basis and a yield of Infinity.
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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