Tronox Ltd (TROX) Receives $22.00 Average PT from Brokerages

Tronox Ltd (OTCMKTS:TROX) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $22.00.

A number of research analysts have weighed in on TROX shares. Zacks Investment Research lowered shares of Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday. Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a research report on Monday, December 18th. Barclays started coverage on shares of Tronox in a research report on Thursday, December 14th. They set an “overweight” rating and a $25.00 target price for the company. JPMorgan Chase & Co. reissued a “buy” rating and set a $23.00 target price on shares of Tronox in a research report on Wednesday, December 6th. Finally, UBS Group boosted their target price on shares of Tronox from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday, November 9th.

Tronox (OTCMKTS:TROX) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.15. The business had revenue of $435.00 million during the quarter, compared to the consensus estimate of $436.92 million. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.34) earnings per share.

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About Tronox

Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.

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