BMO Capital Thinks TRONOX Ltd’s Stock is Going to Recover


BMO Capital analyst John McNulty reiterated a Buy rating on TRONOX Ltd (NYSE: TROX) yesterday and set a price target of $31. The company’s shares opened today at $18.37, close to its 52-week low of $16.70.

According to TipRanks.com, McNulty is a 4-star analyst with an average return of 10.4% and a 73.0% success rate. McNulty covers the Consumer Goods sector, focusing on stocks such as Axalta Coating Systems, RPM International, and Chemours Company.

TRONOX Ltd has an analyst consensus of Strong Buy, with a price target consensus of $30.33.

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The company has a one-year high of $28.40 and a one-year low of $16.70. Currently, TRONOX Ltd has an average volume of 1.25M.

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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.

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