Tronox (NYSE:TROX) Shares Gap Up After Analyst Upgrade

Tronox Holdings PLC (NYSE:TROX)’s stock price gapped up before the market opened on Thursday after Truist Financial upgraded the stock from a sell rating to a hold rating. The stock had previously closed at $7.15, but opened at $7.58. Truist Financial now has a $7.00 price target on the stock. Tronox shares last traded at $7.62, with a volume of 210,425 shares trading hands.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group downgraded shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 target price for the company. in a report on Tuesday, May 12th. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Weiss Ratings cut Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $6.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TROX. PNC Financial Services Group Inc. raised its holdings in Tronox by 292.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Tronox in the third quarter worth about $37,000. Headlands Technologies LLC bought a new position in Tronox in the 2nd quarter worth about $38,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Tronox during the fourth quarter worth approximately $42,000. Finally, Aigen Investment Management LP bought a new stake in shares of Tronox during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Stock Up 6.9%

The company has a quick ratio of 0.66, a current ratio of 2.42 and a debt-to-equity ratio of 2.36. The stock has a market cap of $1.22 billion, a P/E ratio of -2.63 and a beta of 0.76. The company’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $6.97.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) 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 for the quarter, compared to analysts’ expectations of $751.38 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts expect that Tronox Holdings PLC will post -1.17 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. Tronox’s dividend payout ratio is -6.85%.

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.