Tronox (NYSE:TROX) Shares Up 10.4% – Still a Buy?

Tronox Holdings PLC (NYSE:TROX)’s share price traded up 10.4% during mid-day trading on Monday . The stock traded as high as $4.72 and last traded at $4.7150. 524,656 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,330,997 shares. The stock had previously closed at $4.27.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TROX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $6.00 price target on shares of Tronox in a report on Tuesday, December 16th. Truist Financial dropped their target price 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. Mizuho raised their price target on shares of Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their target price on Tronox from $4.25 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tronox has an average rating of “Hold” and a consensus target price of $5.18.

Tronox Stock Performance

The firm’s 50-day moving average price is $3.86 and its two-hundred day moving average price is $4.27. The stock has a market cap of $739.48 million, a price-to-earnings ratio of -2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The company had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $776.21 million. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The firm’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.13) EPS. On average, analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, November 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, November 10th. Tronox’s dividend payout ratio (DPR) is presently -9.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Bancorp USA Inc. purchased a new position in shares of Tronox during the third quarter valued at approximately $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Tronox during the third quarter worth $37,000. Dark Forest Capital Management LP grew its position in shares of Tronox by 61.0% in the third quarter. Dark Forest Capital Management LP now owns 528,515 shares of the company’s stock valued at $2,125,000 after purchasing an additional 200,214 shares during the period. Voleon Capital Management LP increased its stake in Tronox by 372.5% in the third quarter. Voleon Capital Management LP now owns 326,452 shares of the company’s stock valued at $1,312,000 after purchasing an additional 257,360 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new position in Tronox during the third quarter worth about $1,486,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.