Royal Bank of Canada Purchases 1,060,713 Shares of Tronox Holdings PLC $TROX

Royal Bank of Canada raised its position in Tronox Holdings PLC (NYSE:TROX) by 21,419.9% in the first quarter, HoldingsChannel.com reports. The fund owned 1,065,665 shares of the company’s stock after purchasing an additional 1,060,713 shares during the quarter. Royal Bank of Canada’s holdings in Tronox were worth $10,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Tronox in the 2nd quarter valued at about $38,000. PNC Financial Services Group Inc. raised its holdings in shares of Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after purchasing an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tronox in the 3rd quarter valued at about $37,000. Aigen Investment Management LP acquired a new stake in Tronox in the 4th quarter valued at about $43,000. Finally, Ballentine Partners LLC acquired a new stake in Tronox in the 4th quarter valued at about $47,000. Institutional investors own 73.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TROX shares. Weiss Ratings downgraded Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on Tronox in a research report on Wednesday, May 20th. The Goldman Sachs Group reduced their target price on Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research note on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $7.25.

Tronox Trading Down 5.9%

Shares of TROX stock opened at $6.54 on Friday. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36. The stock has a market cap of $1.04 billion, a P/E ratio of -1.89 and a beta of 0.82. The stock has a 50 day simple moving average of $6.69 and a 200 day simple moving average of $7.55. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $10.59.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13). The company had revenue of $868.00 million for the quarter, compared to the consensus estimate of $832.59 million. Tronox had a negative return on equity of 23.24% and a negative net margin of 17.96%.Tronox’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.28) EPS. On average, research analysts predict that Tronox Holdings PLC will post -1.27 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 10th. Tronox’s dividend payout ratio is -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.