Tronox Ltd (NYSE:TROX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $7.22, but opened at $7.57. Tronox shares last traded at $7.75, with a volume of 2,401,780 shares changing hands.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Tronox from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. Alembic Global Advisors restated a “buy” rating and issued a $19.00 price target on shares of Tronox in a report on Monday, December 2nd. Finally, ValuEngine upgraded Tronox from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $16.67.

The company has a market capitalization of $1.25 billion, a P/E ratio of -9.45 and a beta of 3.54. The business has a fifty day moving average price of $9.73 and a 200 day moving average price of $9.52. The company has a quick ratio of 1.62, a current ratio of 3.26 and a debt-to-equity ratio of 3.80.

Tronox (NYSE:TROX) last released its earnings results on Tuesday, February 25th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Tronox had a positive return on equity of 6.56% and a negative net margin of 4.79%. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $723.71 million. As a group, equities analysts forecast that Tronox Ltd will post 0.43 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TROX. Rhumbline Advisers raised its holdings in Tronox by 2.9% during the third quarter. Rhumbline Advisers now owns 136,957 shares of the company’s stock worth $1,137,000 after acquiring an additional 3,802 shares in the last quarter. California Public Employees Retirement System raised its holdings in Tronox by 6.7% during the third quarter. California Public Employees Retirement System now owns 249,669 shares of the company’s stock worth $2,072,000 after acquiring an additional 15,695 shares in the last quarter. Creative Planning raised its holdings in Tronox by 12.1% during the third quarter. Creative Planning now owns 213,819 shares of the company’s stock worth $1,775,000 after acquiring an additional 23,080 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in Tronox during the third quarter worth about $88,000. Finally, Tower Research Capital LLC TRC raised its holdings in Tronox by 111.3% during the third quarter. Tower Research Capital LLC TRC now owns 7,078 shares of the company’s stock worth $58,000 after acquiring an additional 3,728 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

Tronox Company Profile (NYSE:TROX)

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

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