Tronox (NYSE:TROX) Given New $11.50 Price Target at The Goldman Sachs Group

Tronox (NYSE:TROX - Free Report) had its target price lowered by The Goldman Sachs Group from $13.00 to $11.50 in a report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the company. UBS Group decreased their price target on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. BMO Capital Markets dropped their price objective on Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. Truist Financial decreased their target price on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.36.

Tronox Price Performance

Shares of TROX stock traded up $0.01 during mid-day trading on Wednesday, reaching $7.75. The stock had a trading volume of 1,548,132 shares, compared to its average volume of 1,644,667. Tronox has a 12-month low of $7.72 and a 12-month high of $20.70. The company has a market cap of $1.22 billion, a P/E ratio of -25.00 and a beta of 1.60. The business has a 50-day simple moving average of $9.53 and a 200 day simple moving average of $11.62. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. On average, sell-side analysts anticipate that Tronox will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox's dividend payout ratio is presently -161.29%.

Institutional Trading of Tronox

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP raised its stake in shares of Tronox by 98.6% in the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company's stock worth $2,559,000 after buying an additional 86,852 shares in the last quarter. Royce & Associates LP raised its stake in shares of Tronox by 20.8% in the 3rd quarter. Royce & Associates LP now owns 493,543 shares of the company's stock worth $7,221,000 after buying an additional 84,830 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock worth $39,708,000 after buying an additional 22,165 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Tronox by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company's stock worth $22,497,000 after buying an additional 543,091 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Tronox by 18.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company's stock worth $12,161,000 after buying an additional 126,846 shares in the last quarter. Institutional investors own 73.36% of the company's stock.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.