Tronox (TROX) Shares Gap Down to $0.00
Tronox Ltd (OTCMKTS:TROX) shares gapped down before the market opened on Thursday . The stock had previously closed at ($20.32), but opened at $0.00. Tronox shares last traded at $0.00, with a volume of 0 shares trading hands.
A number of research analysts recently weighed in on the stock. J P Morgan Chase & Co restated a “buy” rating and set a $23.00 target price on shares of Tronox in a research note on Wednesday. Alembic Global Advisors reiterated a “buy” rating and issued a $35.00 price target on shares of Tronox in a report on Monday, November 20th. BidaskClub upgraded shares of Tronox from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 13th. UBS reiterated a “sell” rating and issued a $16.00 price target (up from $15.00) on shares of Tronox in a report on Wednesday, September 20th. Finally, Vertical Research initiated coverage on shares of Tronox in a report on Monday, October 23rd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. Tronox has a consensus rating of “Buy” and an average price target of $25.33.
Tronox (OTCMKTS:TROX) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.15. The firm had revenue of $435.00 million for the quarter, compared to the consensus estimate of $436.92 million. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.34) earnings per share.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, November 17th. This represents a $0.18 annualized dividend and a yield of Infinity.
Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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