Tronox (TROX) Hits New 12-Month Low at $6.46

Tronox Ltd (NYSE:TROX)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $6.46 and last traded at $7.84, with a volume of 611218 shares traded. The stock had previously closed at $10.01.

TROX has been the subject of several analyst reports. ValuEngine downgraded Tronox from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. Morgan Stanley dropped their price target on Tronox from $21.00 to $16.00 and set an “equal weight” rating for the company in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

The firm has a market cap of $945.35 million, a price-to-earnings ratio of -27.04 and a beta of 2.97. The company has a debt-to-equity ratio of 3.58, a current ratio of 7.53 and a quick ratio of 6.15.

Tronox (NYSE:TROX) last released its quarterly earnings results on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Tronox had a positive return on equity of 7.95% and a negative net margin of 0.11%. The firm had revenue of $456.00 million during the quarter, compared to analysts’ expectations of $449.51 million. As a group, equities research analysts predict that Tronox Ltd will post 0.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Monday, November 26th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $0.18 dividend on an annualized basis and a yield of 2.47%. Tronox’s dividend payout ratio is -66.67%.

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Tronox Company Profile (NYSE:TROX)

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

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