Analysts Set Tronox Holdings plc (NYSE:TROX) PT at $16.50

Shares of Tronox Holdings plc (NYSE:TROX) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.50.

A number of research analysts have issued reports on TROX shares. BMO Capital Markets cut their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Barclays dropped their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Morgan Stanley reduced their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.00 to $19.00 in a report on Thursday, October 10th.

Hedge Funds Weigh In On Tronox

A number of institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in Tronox during the 3rd quarter worth about $66,000. KBC Group NV raised its position in shares of Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after acquiring an additional 2,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tronox in the second quarter worth approximately $76,000. nVerses Capital LLC boosted its holdings in Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Tronox during the 3rd quarter valued at approximately $190,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Stock Down 1.3 %

Shares of NYSE:TROX opened at $10.12 on Thursday. Tronox has a 12 month low of $8.73 and a 12 month high of $20.70. The firm has a market cap of $1.60 billion, a P/E ratio of -21.08 and a beta of 1.62. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The company’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $12.56.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.94%. Tronox’s dividend payout ratio is presently -104.16%.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.