Bourgeon Capital Management LLC purchased a new stake in shares of Tronox Ltd (OTCMKTS:TROX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,779 shares of the basic materials company’s stock, valued at approximately $365,000.
Separately, Public Employees Retirement Association of Colorado acquired a new position in Tronox in the 4th quarter worth about $142,000.
A number of research analysts have recently commented on TROX shares. Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a report on Monday, October 23rd. JPMorgan Chase & Co. reissued a “buy” rating and set a $23.00 price objective on shares of Tronox in a report on Wednesday, December 6th. Zacks Investment Research downgraded Tronox from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 11th. UBS Group increased their target price on Tronox from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Thursday, November 9th. Finally, Vertical Research began coverage on Tronox in a research note on Monday, October 23rd. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Tronox presently has an average rating of “Buy” and an average target price of $24.83.
Tronox Ltd (TROX) traded up $0.38 during mid-day trading on Tuesday, reaching $19.79. The company had a trading volume of 140,730 shares, compared to its average volume of 1,518,451. Tronox Ltd has a 12-month low of $12.88 and a 12-month high of $28.40.
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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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