TRONOX Ltd Receives a Buy from Alembic Global

Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX Ltd (NYSE: TROX) today and set a price target of $35. The company’s shares opened today at $18.44.

According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 14.5% and a 70.0% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Currently, the analyst consensus on TRONOX Ltd is Strong Buy and the average price target is $28, representing a 51.8% upside.

In a report issued on May 17, Barclays also maintained a Buy rating on the stock with a $25 price target.

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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 1.06M.

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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.