Shares of Tronox Ltd (OTCMKTS:TROX) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.00.
Several equities research analysts have commented on TROX shares. BMO Capital Markets started coverage on shares of Tronox in a research report on Tuesday, March 27th. They set an “outperform” rating and a $24.00 price target on the stock. UBS cut their price target on shares of Tronox from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Friday, March 2nd. Wells Fargo started coverage on shares of Tronox in a research report on Wednesday, February 7th. They set an “outperform” rating and a $28.00 price target on the stock. JPMorgan Chase cut their price target on shares of Tronox to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Barclays boosted their price target on shares of Tronox to $26.00 and gave the stock an “overweight” rating in a research report on Monday, March 12th.
A number of institutional investors and hedge funds have recently made changes to their positions in TROX. TIAA CREF Investment Management LLC grew its position in shares of Tronox by 134.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 8,492,202 shares of the basic materials company’s stock worth $174,175,000 after purchasing an additional 4,867,689 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Tronox by 327.5% during the 4th quarter. Teachers Advisors LLC now owns 3,291,519 shares of the basic materials company’s stock worth $67,509,000 after purchasing an additional 2,521,634 shares in the last quarter. BlackRock Inc. grew its position in shares of Tronox by 37.1% during the 4th quarter. BlackRock Inc. now owns 5,742,572 shares of the basic materials company’s stock worth $117,780,000 after purchasing an additional 1,553,402 shares in the last quarter. Corsair Capital Management L.P. grew its position in shares of Tronox by 867.8% during the 4th quarter. Corsair Capital Management L.P. now owns 822,600 shares of the basic materials company’s stock worth $16,872,000 after purchasing an additional 737,600 shares in the last quarter. Finally, Gendell Jeffrey L acquired a new position in shares of Tronox during the 4th quarter worth approximately $11,134,000.
Shares of TROX stock traded up $0.07 on Wednesday, hitting $19.78. The stock had a trading volume of 371,385 shares, compared to its average volume of 1,207,309. Tronox has a twelve month low of $12.88 and a twelve month high of $28.40.
Tronox (OTCMKTS:TROX) last posted its quarterly earnings data on Thursday, March 1st. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $464.00 million during the quarter, compared to the consensus estimate of $428.22 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) earnings per share.
The business also recently declared a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.18 dividend on an annualized basis and a yield of 0.91%.
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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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