Tronox Ltd (TROX) Receives Average Recommendation of “Buy” from Analysts

Shares of Tronox Ltd (OTCMKTS:TROX) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.00.

Several research firms recently issued reports on TROX. Vertical Research began coverage on shares of Tronox in a research report on Monday, October 23rd. They set a “buy” rating for the company. BidaskClub cut shares of Tronox from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 28th. UBS Group raised their price objective on shares of Tronox from $16.00 to $17.00 and gave the stock a “sell” rating in a research report on Friday, October 13th. Alembic Global Advisors reaffirmed a “buy” rating and set a $35.00 target price on shares of Tronox in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Tronox in a research note on Tuesday, October 24th. They set an “overweight” rating for the company.

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

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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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