Mizuho Cuts Tronox (NYSE:TROX) Price Target to $3.00

Tronox (NYSE:TROX) had its target price cut by Mizuho from $3.50 to $3.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an underperform rating on the stock.

A number of other research analysts have also commented on TROX. UBS Group upped their price target on Tronox from $3.60 to $3.90 and gave the stock a “neutral” rating in a report on Monday, October 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Truist Financial decreased their price target on shares of Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.93.

Tronox Trading Up 7.7%

Shares of NYSE:TROX opened at $3.41 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. The stock’s 50-day moving average is $4.04 and its 200-day moving average is $4.70. The company has a market cap of $541.20 million, a P/E ratio of -2.16 and a beta of 1.36. Tronox has a 52-week low of $2.86 and a 52-week high of $12.72.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $776.21 million. During the same period in the prior year, the firm posted ($0.13) EPS. Tronox’s revenue for the quarter was down 13.1% on a year-over-year basis. Tronox has set its Q4 2025 guidance at EPS. Equities research analysts predict that Tronox will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, November 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, November 10th. Tronox’s payout ratio is -9.76%.

Insider Activity

In other Tronox news, Director Peter Johnston acquired 20,000 shares of Tronox stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $3.21 per share, with a total value of $64,200.00. Following the acquisition, the director owned 191,513 shares of the company’s stock, valued at approximately $614,756.73. The trade was a 11.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Tronox

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in Tronox during the second quarter worth about $38,000. Public Employees Retirement System of Ohio raised its holdings in shares of Tronox by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock worth $50,000 after buying an additional 3,231 shares in the last quarter. Amplius Wealth Advisors LLC bought a new position in shares of Tronox during the 2nd quarter worth approximately $64,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Tronox during the 2nd quarter worth approximately $64,000. Finally, Nisa Investment Advisors LLC boosted its stake in Tronox by 763.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock valued at $65,000 after buying an additional 8,070 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

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.