The stock of Tronox Ltd (NYSE:TROX) is a huge mover today! About 493,259 shares traded hands. Tronox Ltd (NYSE:TROX) has risen 31.37% since April 5, 2016 and is uptrending. It has outperformed by 29.41% the S&P500.
The move comes after 5 months positive chart setup for the $613.06M company. It was reported on Nov, 8 by Barchart.com. We have $13.84 PT which if reached, will make NYSE:TROX worth $269.75 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 stock of Tronox Ltd (NYSE:TROX) has “Neutral” rating given on Thursday, August 6 by B. Riley & Co. The company was downgraded on Wednesday, April 6 by UBS. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, August 13. UBS maintained it with “Sell” rating and $3.75 target price in Thursday, August 4 report.
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 turned negative, 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.
Bnp Paribas Arbitrage Sa has 0% invested in the company for 2,454 shares. Moreover, Swiss National Bank has 0% invested in Tronox Ltd (NYSE:TROX) for 104,800 shares. The New York-based Morgan Stanley has invested 0% in Tronox Ltd (NYSE:TROX). Princeton Alpha Limited Partnership owns 16,489 shares or 0.01% of their US portfolio. Truepoint accumulated 0.01% or 16,500 shares. Goldman Sachs accumulated 31,260 shares or 0% of the stock. D E Shaw & holds 0% of its portfolio in Tronox Ltd (NYSE:TROX) for 195,405 shares. Alliancebernstein L P has 34,530 shares for 0% of their US portfolio. Price T Rowe Assocs Incorporated Md, a Maryland-based fund reported 54,300 shares. Gotham Asset Management Limited Liability Company has 613,961 shares for 0.03% of their US portfolio. Teachers Insurance And Annuity Association Of America has invested 0.05% of its portfolio in Tronox Ltd (NYSE:TROX). Renaissance Lc last reported 45,100 shares in the company. Kamunting Street Capital Management L P owns 126,379 shares or 1.28% of their US portfolio. Ladenburg Thalmann Fin Svcs Incorporated holds 0% or 2,795 shares in its portfolio. Rhumbline Advisers has 91,419 shares for 0% of their US portfolio.
More recent Tronox Ltd (NYSE:TROX) news were published by: Benzinga.com which released: “10 Stocks That Rallied For Three Days On Increasing Volume, No News” on November 08, 2016. Also Moodys.com published the news titled: “Moody’s Downgrades Tronox one notch to B2; Outlook Negative” on November 06, 2015. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: June 21, 2011 was also an interesting one.
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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