In a report released today, Hassan Ahmed from Alembic Global reiterated a Buy rating on TRONOX Ltd (TROX). The company’s shares closed on Friday at $7.49, close to its 52-week low of $6.46.
According to TipRanks.com, Ahmed has 0 stars on 0-5 star ranking scale with an average return of -8.5% and a 34.9% 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 Moderate Buy, with a price target consensus of $15.83.
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The company has a one-year high of $22.15 and a one-year low of $6.46. Currently, TRONOX Ltd has an average volume of 1.85M.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TROX in relation to earlier this year.
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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.
