TRONOX Ltd (TROX) Receives a Buy from Alembic Global

By Jason Carr

In a report issued on August 19, Hassan Ahmed from Alembic Global reiterated a Buy rating on TRONOX Ltd (TROXResearch Report), with a price target of $19. The company’s shares closed last Monday at $7.60, close to its 52-week low of $6.46.

According to TipRanks.com, Ahmed has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.3% and a 28.0% 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 $13.40, representing a 76.3% upside. In a report issued on August 8, Barclays also maintained a Buy rating on the stock with a $13 price target.

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The company has a one-year high of $16.75 and a one-year low of $6.46. Currently, TRONOX Ltd has an average volume of 1.62M.

Based on the recent corporate insider activity of 56 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 Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in March 2012 and is headquartered in Stamford, CT.