Tronox Ltd (TROX) Receives New Coverage from Analysts at Vertical Research
Analysts at Vertical Research assumed coverage on shares of Tronox Ltd (NASDAQ:TROX) in a report released on Monday. The firm set a “buy” rating on the stock.
A number of other analysts also recently issued reports on the stock. BidaskClub raised shares of Tronox from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 13th. UBS AG reaffirmed a “sell” rating and set a $16.00 price objective (up from $15.00) on shares of Tronox in a report on Wednesday, September 20th.
Shares of Tronox (NASDAQ TROX) traded up 0.95% on Monday, hitting $26.58. The stock had a trading volume of 1,339,504 shares. The company has a market capitalization of $3.16 billion and a PE ratio of 66.62. Tronox has a 1-year low of $7.40 and a 1-year high of $27.42. The firm has a 50-day moving average of $23.52 and a 200 day moving average of $18.74.
Tronox (NASDAQ:TROX) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.16. The company had revenue of $622.00 million for the quarter, compared to the consensus estimate of $601.55 million. During the same period in the prior year, the firm posted ($0.43) earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, equities analysts anticipate that Tronox will post $0.01 earnings per share for the current fiscal year.
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In other Tronox news, Director Timothy C. Carlson purchased 25,000 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $18.84 per share, with a total value of $471,000.00. Following the completion of the purchase, the director now directly owns 61,585 shares of the company’s stock, valued at approximately $1,160,261.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $20.70, for a total transaction of $253,140.30. Following the completion of the sale, the senior vice president now directly owns 175,528 shares of the company’s stock, valued at $3,633,429.60. The disclosure for this sale can be found here.
A number of institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new stake in Tronox in the second quarter worth $215,000. Schneider Capital Management Corp bought a new stake in Tronox in the second quarter worth $9,076,000. Sterling Capital Management LLC lifted its stake in Tronox by 7.9% in the second quarter. Sterling Capital Management LLC now owns 89,302 shares of the company’s stock worth $1,350,000 after purchasing an additional 6,523 shares during the last quarter. Bank of Nova Scotia bought a new stake in Tronox in the second quarter worth $894,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Tronox by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 48,279 shares of the company’s stock worth $731,000 after purchasing an additional 350 shares during the last quarter.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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