Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX Ltd (TROX) on November 19 and set a price target of $25. The company’s shares closed yesterday at $10.57, close to its 52-week low of $9.97.
According to TipRanks.com, Ahmed is ranked 0 out of 5 stars with an average return of -5.2% and a 35.1% 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 $20.20, a 91.1% upside from current levels. In a report issued on November 14, Barclays also maintained a Buy rating on the stock with a $20 price target.
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Based on TRONOX Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $456 million and net profit of $6 million. In comparison, last year the company earned revenue of $435 million and had a GAAP net loss of $14 million.
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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.
