Alembic Global Reiterates Their Buy Rating on TRONOX Ltd

In a report released today, Hassan Ahmed from Alembic Global reiterated a Buy rating on TRONOX Ltd (NYSE: TROX), with a price target of $35. The company’s shares opened today at $18.19.

Ahmed observed:

“We believe that the Q1’18 miss resulted from a series of non-recurring one-off’s, and that strengthening pigment and mineral sands fundamentals should persist in the near-to-medium term.”

According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 12.5% and a 68.4% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

TRONOX Ltd has an analyst consensus of Strong Buy, with a price target consensus of $28.33.

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The company has a one-year high of $28.40 and a one-year low of $12.88. Currently, TRONOX Ltd has an average volume of 1.01M.

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Tronox Ltd. engages in mining, production, and marketing of inorganic minerals, and chemicals. It operates through the Titanium Dioxide (TiO2) pigment segment which includes pigment production facilities located in: Hamilton, Mississippi; Botlek, the Netherlands; and Kwinana, Western Australia; and its mining operations in KwaZulu-Natal Sands and Namakwa Sands both located in South Africa and Cooljarloo located in Western Australia. The company was founded on September 21, 2011 and is headquartered in Stamford, CT.