TRONOX Ltd (TROX) Gets a Buy Rating from Alembic Global


Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX Ltd (TROX) yesterday and set a price target of $35. The company’s shares closed yesterday at $11.92, close to its 52-week low of $10.75.

Ahmed observed:

“We believe the sell-off in Tronox shares is overdone and expect TROX to outperform as mineral sands results continue to improve, pigment fundamentals normalize through 2019, and the Cristal acquisition is consummated by end-2018/early 2019. Symbol TROX Cap (M) $1,123 FYE EPS ($) (0.27) 0.95 2.10 for TROX Source: FactSet.”

According to TipRanks.com, Ahmed is a 1-star analyst with an average return of -1.1% and a 42.1% 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 $21.

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The company has a one-year high of $28.40 and a one-year low of $10.75. Currently, TRONOX Ltd has an average volume of 1.56M.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.

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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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