Tronox (OTCMKTS:TROX) had its price objective upped by UBS from $17.00 to $18.00 in a research report sent to investors on Thursday, November 9th, www.benzinga.com reports. UBS currently has a sell rating on the basic materials company’s stock.
A number of other analysts have also weighed in on TROX. BidaskClub lowered shares of Tronox from a strong-buy rating to a buy rating in a report on Thursday, September 28th. Vertical Research began coverage on shares of Tronox in a research note on Monday, October 23rd. They issued a buy rating on the stock. J P Morgan Chase & Co began coverage on shares of Tronox in a research note on Tuesday, October 24th. They issued an overweight rating on the stock. Finally, Alembic Global Advisors reaffirmed a buy rating on shares of Tronox in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $26.50.
Tronox (OTCMKTS:TROX) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.15. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $436.92 million. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.34) EPS.
In related news, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $20.70, for a total value of $253,140.30. Following the transaction, the senior vice president now owns 175,528 shares in the company, valued at approximately $3,633,429.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jogita Khilnani sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $20.78, for a total transaction of $103,900.00. Following the completion of the transaction, the senior vice president now owns 29,405 shares in the company, valued at approximately $611,035.90. The disclosure for this sale can be found here.
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Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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