Tronox Holdings PLC (NYSE:TROX) Given Average Recommendation of “Hold” by Brokerages

Shares of Tronox Holdings PLC (NYSE:TROX) have earned an average rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.0250.

A number of analysts recently issued reports on TROX shares. Truist Financial increased their target price on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 target price on shares of Tronox in a research note on Tuesday, January 27th. Mizuho upped their price target on shares of Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group raised their price objective on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday.

Institutional Investors Weigh In On Tronox

Several hedge funds have recently modified their holdings of the stock. Verdence Capital Advisors LLC grew its stake in shares of Tronox by 7.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 124,127 shares of the company’s stock valued at $518,000 after acquiring an additional 8,208 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Tronox by 38.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 723,164 shares of the company’s stock valued at $3,023,000 after purchasing an additional 200,000 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in Tronox during the 4th quarter valued at approximately $197,000. Lightrock Netherlands B.V. increased its holdings in 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. Finally, Oak Thistle LLC acquired a new position in shares of Tronox in the 4th quarter valued at approximately $59,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Price Performance

Shares of Tronox stock opened at $6.07 on Monday. The business’s fifty day moving average price is $4.84 and its 200 day moving average price is $4.32. Tronox has a twelve month low of $2.86 and a twelve month high of $10.56. The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $962.40 million, a P/E ratio of -2.96 and a beta of 1.18.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The firm had revenue of $699.00 million for the quarter, compared to analyst estimates of $776.21 million. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The business’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.13) earnings per share. As a group, research analysts anticipate that Tronox will post 0.49 earnings per share for the current year.

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.