TronoxTROX
Market Cap: $1.9B
About: Tronox Holdings PLC is a vertically integrated manufacturer of TiO2 pigment. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia & South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. TiO2 and titanium feedstock, are used to produce paints and coatings, as well as plastics, paper, and printing ink. It has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Asia-Pacific and Europe the Middle East, and Africa regions contribute the vast majority of revenue.
Employees: 6,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
787% more call options, than puts
Call options by funds: $8.84M | Put options by funds: $996K
120% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 20
14% more funds holding
Funds holding: 177 [Q1] → 201 (+24) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 62
1.12% less ownership
Funds ownership: 75.42% [Q1] → 74.3% (-1.12%) [Q2]
10% less capital invested
Capital invested by funds: $2.05B [Q1] → $1.84B (-$214M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 2 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Goldman Sachs Duffy Fischer 60% 1-year accuracy 6 / 10 met price target | 49%upside $18 | Buy Maintained | 3 Sept 2024 |
Barclays Michael Leithead 55% 1-year accuracy 11 / 20 met price target | 58%upside $19 | Overweight Maintained | 6 Aug 2024 |
UBS Joshua Spector 49% 1-year accuracy 18 / 37 met price target | 49%upside $18 | Neutral Maintained | 9 Jul 2024 |