Tronox (NYSE:TROX) Price Target Raised to $4.50 at Mizuho

Tronox (NYSE:TROX) had its price objective upped by Mizuho from $4.00 to $4.50 in a report published on Thursday morning,Benzinga reports. They currently have an underperform rating on the stock.

A number of other brokerages have also recently issued reports on TROX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. UBS Group increased their target price on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a report on Thursday, February 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Finally, Truist Financial lifted their target price on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.35.

Tronox Price Performance

TROX traded down $0.65 during trading on Thursday, reaching $6.63. The stock had a trading volume of 1,473,435 shares, compared to its average volume of 4,114,991. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The business has a 50-day moving average of $6.37 and a 200-day moving average of $4.82. Tronox has a one year low of $2.86 and a one year high of $8.80. The stock has a market cap of $1.05 billion, a PE ratio of -2.23 and a beta of 1.11.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The firm had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $730.22 million. During the same period in the prior year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is currently -6.73%.

Institutional Trading of Tronox

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in shares of Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after acquiring an additional 4,378,023 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $23,508,000 after buying an additional 1,205,249 shares during the period. Primecap Management Co. CA grew its position in shares of Tronox by 16.5% in the 4th quarter. Primecap Management Co. CA now owns 5,478,402 shares of the company’s stock worth $22,845,000 after buying an additional 773,900 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in Tronox by 123.0% during the 4th 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 acquiring an additional 2,398,038 shares during the period. Finally, Lightrock Netherlands B.V. boosted its stake in Tronox by 66.8% during the fourth quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock worth $12,724,000 after acquiring an additional 1,222,115 shares in the last quarter. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

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.