Tronox Limited Ordinary Shares (NYSE:TROX):
Tronox Announces Dates For Second Quarter Financial Results & Webcast Conference Call.
The company is so far trading up by 1.25 percent from yesterday’s close.
The company declared a dividend paid on Thursday the 25th of May 2017. The dividend was $0.045 per share for the quarter which comes to $0.18 on an annualized basis. This dividend represents a yeild of $1.16 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 11th of May 2017.
Tronox Limited, launched on September 21, 2011, is involved in the production and marketing of titanium bearing mineral sands and titanium dioxide (TiO2) pigment. The Company also produces natural soda ash. The Company operates through two segments: TiO2 and Alkali. Its TiO2 segment includes exploration, mining, and beneficiation of mineral sands deposits; production of titanium feedstock, including chloride slag, slag fines, synthetic rutile and leucoxene, pig iron and zircon; production and marketing of TiO2, and electrolytic manganese dioxide manufacturing and marketing, which is primarily focused on battery materials and specialty boron products. Its Alkali segment includes dry mining of trona ore underground at its Westvaco facility; secondary recovery of trona from previously dry mined areas underground at its Westvaco and Granger facilities through solution mining; refining of raw trona ore into soda ash and specialty sodium alkali products, and marketing, sale and distribution of alkali products..
The stock last traded at $16.97 just above the 50 day moving average which is $15.54 and slightly over the 200 day moving average of $15.02. The 50 day moving average was up $1.43 or +9.21% and the 200 day average was up $1.95.
As of the last earnings report the EPS was $-0.06 and is estimated to be $0.13 for the current year with 117,395,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.10 and the next full year EPS is anticipated to be $0.73.
Several Wall Street analysts have weighed in on Tronox Limited Ordinary Shares . On April 6 the company was set at “Sell” according to a UBS report which was a cut from the previous “Neutral” rating. On December 18 B. Riley held the stock rating at “Neutral” but moved down the price target from $5.75 to $3.50.
November 3 investment analysts at B. Riley left the company rating at “Neutral” but lowered the price expectation to $6.50 from $11.25. On August 6 the company was downgraded to “Neutral” from “Buy” and a price target of $11.25 was set by analysts at B. Riley.
B. Riley both downgraded the stock and lowered the price target on August 6 cutting the price target from $15.00 to $11.25 and altering the rating from “Buy” to “Neutral”. On December 15 the stock rating was upgraded from “Neutral” to “Buy” with a current price target of $29.00 in a statement from B. Riley.