The stock of Tronox Ltd (NYSE:TROX) is a huge mover today! About 820,649 shares traded hands or 24.18% up from the average. Tronox Ltd (NYSE:TROX) has risen 57.94% since March 15, 2016 and is uptrending. It has outperformed by 52.46% the S&P500.
The move comes after 8 months positive chart setup for the $555.94M company. It was reported on Oct, 18 by Barchart.com. We have $12.45 PT which if reached, will make NYSE:TROX worth $216.82M more.
Analysts await Tronox Ltd (NYSE:TROX) to report earnings on November, 2. They expect $-0.20 earnings per share, up 56.52% or $0.26 from last year’s $-0.46 per share. After $-0.43 actual earnings per share reported by Tronox Ltd for the previous quarter, Wall Street now forecasts -53.49% EPS growth.
Tronox Ltd (NYSE:TROX) Ratings Coverage
Out of 2 analysts covering Tronox (NYSE:TROX), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Tronox has been the topic of 5 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Tronox Ltd (NYSE:TROX) has “Sell” rating given on Thursday, August 4 by UBS. The stock of Tronox Ltd (NYSE:TROX) has “Outperform” rating given on Thursday, August 13 by RBC Capital Markets. The stock has “Sell” rating given by UBS on Wednesday, April 6. As per Thursday, August 6, the company rating was downgraded by B. Riley & Co.
According to Zacks Investment Research, “Tronox Incorporated is a producer and marketer of titanium products. Products offered by the Company includes: titanium ore and titanium dioxide (TiO2); mineral sands products; and electrolytic and speciality chemicals. Titanium products offered by Tronox find its application in paints, coatings and plastics. The electrolytic and specialty chemicals find s application in the paper and battery industries. Tronox’s mineral sands operations consist of two product streams – titanium feedstock, which includes ilmenite, natural rutile, titanium slag and synthetic rutile; and zircon, which is contained in the mineral sands extracted to capture natural titanium feedstock. Tronox operates three separate mining operations: KZN Sands and Namakwa Sands located in South Africa and Perth in Western Australia. Production of electrolytic and specialty chemicals is carried out in United States. Tronox Incorporated is based in Oklahoma City, Oklahoma.”
Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.02, from 1.19 in 2016Q1. The ratio dived, as 21 funds sold all Tronox Ltd shares owned while 31 reduced positions. 23 funds bought stakes while 38 increased positions. They now own 60.21 million shares or 3.04% less from 62.10 million shares in 2016Q1.
Grantham Mayo Van Otterloo Limited Liability Co has 0% invested in the company for 11,000 shares. The Delaware-based Blackrock Advsrs Limited Liability Company has invested 0% in Tronox Ltd (NYSE:TROX). Dimensional Fund Limited Partnership holds 0.01% of its portfolio in Tronox Ltd (NYSE:TROX) for 2.66 million shares. The Virginia-based Thompson Davis Incorporated has invested 0.01% in Tronox Ltd (NYSE:TROX). Princeton Alpha Lp accumulated 16,489 shares or 0.01% of the stock. Price T Rowe Associates Md holds 0% or 54,300 shares in its portfolio. Voya Invest Management Limited Liability Company last reported 0% of its portfolio in the stock. Prentiss Smith &, a Vermont-based fund reported 700 shares. Fmr Lc has 0% invested in the company for 2.77M shares. The Washington-based Parametric Associates Lc has invested 0.01% in Tronox Ltd (NYSE:TROX). Swiss Comml Bank accumulated 104,800 shares or 0% of the stock. Susquehanna Grp Inc Limited Liability Partnership has 382,918 shares for 0% of their US portfolio. Moreover, Rhumbline Advisers has 0% invested in Tronox Ltd (NYSE:TROX) for 91,419 shares. Royal Comml Bank Of Canada has invested 0% of its portfolio in Tronox Ltd (NYSE:TROX). Blackrock Group Ltd, a United Kingdom-based fund reported 36,167 shares.
Insider Transactions: Since May 12, 2016, the stock had 1 insider buy, and 0 selling transactions for $10,216 net activity. van Niekerk Willem Hendrik also bought $10,216 worth of Tronox Ltd (NYSE:TROX) shares.
More important recent Tronox Ltd (NYSE:TROX) news were published by: Moodys.com which released: “Moody’s Downgrades Tronox one notch to B2; Outlook Negative” on November 06, 2015, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Reuters.com published: “BRIEF-Tronox Ltd says CFO Katherine Harper to leave” on July 15, 2016. More interesting news about Tronox Ltd (NYSE:TROX) was released by: Blogs.Wsj.com and their article: “CFO Moves: Tronox, Wesco International, VimpelCom” with publication date: October 18, 2016.
TROX Company Profile
Tronox Limited, incorporated on September 21, 2011, is engaged in the production and marketing of titanium bearing mineral sands and titanium dioxide (TiO2) pigment. The Firm also produces natural soda ash. The Firm operates through two divisions: TiO2 and Alkali. The Company’s TiO2 operating segment includes exploration, mining, and beneficiation of mineral sands deposits; production of titanium feedstock (including chloride slag, slag fines, and rutile), pig iron and zircon; production and marketing of TiO2, and electrolytic manganese dioxide manufacturing and marketing, which is primarily focused on battery materials and specialty boron products. The Company’s Alkali operating segment includes dry mining of trona ore underground; secondary recovery of trona from previously dry mined areas underground; refining of raw trona ore into soda ash and specialty sodium alkali products, and marketing, sale and distribution of alkali products.
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