Brokerages Set Tronox Holdings PLC (NYSE:TROX) Price Target at $6.93

Tronox Holdings PLC (NYSE:TROX) has earned a consensus rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.9286.

A number of research firms have recently issued reports on TROX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research report on Friday, August 7th. The Goldman Sachs Group lowered their price target on Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a report on Wednesday, July 22nd. Truist Financial raised Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective for the company in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on Tronox in a report on Wednesday, May 20th. Finally, Wall Street Zen downgraded Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th.

Institutional Investors Weigh In On Tronox

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Tronox by 27.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock worth $23,508,000 after acquiring an additional 1,205,249 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Tronox by 16.5% in the fourth quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock valued at $22,845,000 after purchasing an additional 773,900 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its position in shares of Tronox by 123.0% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after purchasing an additional 2,398,038 shares during the last quarter. State Street Corp increased its stake in shares of Tronox by 4.8% during the 4th quarter. State Street Corp now owns 3,039,337 shares of the company’s stock worth $12,819,000 after purchasing an additional 139,960 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Tronox by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,846,828 shares of the company’s stock worth $11,873,000 after purchasing an additional 20,837 shares in the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Price Performance

Shares of NYSE TROX opened at $5.56 on Friday. The firm has a market capitalization of $887.93 million, a P/E ratio of -1.61 and a beta of 0.82. Tronox has a one year low of $2.86 and a one year high of $10.59. The company’s fifty day moving average is $6.33 and its two-hundred day moving average is $7.54. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.81 and a current ratio of 2.55.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13). Tronox had a negative net margin of 17.96% and a negative return on equity of 24.34%. The company had revenue of $868.00 million during the quarter, compared to analysts’ expectations of $832.59 million. During the same quarter in the prior year, the business earned ($0.28) EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Analysts forecast that Tronox will post -1.37 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Monday, August 10th will be given a $0.05 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.6%. Tronox’s payout ratio is currently -5.78%.

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.