The stock of Tronox Ltd (NYSE:TROX) is a huge mover today! About 1.64 million shares traded hands or 155.05% up from the average. Tronox Ltd (NYSE:TROX) has risen 10.36% since April 1, 2016 and is uptrending. It has outperformed by 9.15% the S&P500.
The move comes after 6 months positive chart setup for the $497.38 million company. It was reported on Nov, 3 by Barchart.com. We have $12.84 PT which if reached, will make NYSE:TROX worth $248.69 million more.
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 firm earned “Neutral” rating on Thursday, August 6 by B. Riley & Co. The company was maintained on Thursday, August 13 by RBC Capital Markets. The stock of Tronox Ltd (NYSE:TROX) has “Sell” rating given on Thursday, August 4 by UBS. The rating was downgraded by UBS on Wednesday, April 6 to “Sell”.
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 dropped, 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.
Gsa Capital Limited Liability Partnership accumulated 0.07% or 304,096 shares. Credit Suisse Ag has invested 0% of its portfolio in Tronox Ltd (NYSE:TROX). Eagle Boston Investment Mngmt accumulated 0.02% or 41,750 shares. Prentiss Smith last reported 0% of its portfolio in the stock. Truepoint has invested 0.01% of its portfolio in Tronox Ltd (NYSE:TROX). Voya Invest Management Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Fine Capital Prtnrs Lp, a New York-based fund reported 6.46 million shares. The Massachusetts-based Bogle Inv Mgmt L P De has invested 0.01% in Tronox Ltd (NYSE:TROX). Blackrock Institutional Company Na last reported 0% of its portfolio in the stock. Retail Bank Of Montreal Can holds 0% or 174 shares in its portfolio. Raymond James & Assocs last reported 39,494 shares in the company. Principal Finance Gp reported 11,222 shares or 0% of all its holdings. Tower Rech Cap Limited (Trc) holds 11,849 shares or 0% of its portfolio. Blackrock Advisors Ltd Liability Corporation owns 29,604 shares or 0% of their US portfolio. Art Advsr reported 104,391 shares or 0.02% of all its holdings.
Insider Transactions: Since May 12, 2016, the stock had 1 insider buy, and 0 sales for $10,216 net activity. van Niekerk Willem Hendrik bought $10,216 worth of stock.
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”, Streetinsider.com published: “Form 3 Tronox Ltd For: Oct 31 Filed by: Carlson Timothy C” on November 01, 2016. More interesting news about Tronox Ltd (NYSE:TROX) was released by: Zacks.com and their article: “What Makes Tronox Limited (TROX) a Strong Sell?” with publication date: August 06, 2015.
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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