A Director at TRONOX Ltd (TROX) is Buying Shares


Today, a Director at TRONOX Ltd (TROX), Wayne Hinman, bought shares of TROX for $55.03K.

This recent transaction increases Wayne Hinman’s holding in the company by 3.63% to a total of $1.57 million. In addition to Wayne Hinman, 3 other TROX executives reported Buy trades in the last month.

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TROX’s market cap is $1.36B and the company has a P/E ratio of 633.14. Currently, TRONOX Ltd has an average volume of 889.5K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.00, reflecting a 53.4% upside. Five different firms, including Alembic Global and Barclays, currently also have a Buy rating on the stock. Starting in April 2019, TROX received 4 Buy ratings in a row.

The insider sentiment on TRONOX Ltd has been positive according to 52 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Tronox Ltd. engages in the manufacture of titanium dioxide pigment. It operates titanium-bearing mineral sand mines and accompanying beneficiation and smelting operations in Australia and South Africa to produce feedstock materials that can then be used in the manufacturing process for its titanium dioxide pigment products. It also offers zircon and pig iron.

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