Tronox (TROX)

• Market cap: $1.58B
• 1 day: -1.28%
• 5 days: -2.44%
• 1 month: -17.15%
• 3 months: -31.65%
• 6 months: -36.95%
• Year to date: -27.59%
• 1 year: -27.59%
• 5 years: -11.66%
• 10 years: -57.81%
• Sector: Materials
• Industry: Industrial Inorganic Chemicals

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 Q3 regulatory filings by fund managers ($100M+ AUM)

529% more call options, than puts

Call options by funds: $8.2M | Put options by funds: $1.3M

100% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]

41% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 56

27% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 30

4% more funds holding

Funds holding: 201 [Q2] → 209 (+8) [Q3]

1.82% less ownership

Funds ownership: 75.49% [Q2] → 73.67% (-1.82%) [Q3]

8% less capital invested

Capital invested by funds: $1.87B [Q2] → $1.71B (-$154M) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16 60% upside
• Avg. target: $17.33 73% upside
• High target: $19 90% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

BMO Capital John McNulty 38% 1-year accuracy 18 / 48 met price target	70% upside $17	Outperform Maintained	29 Oct 2024
Barclays Michael Leithead 32% 1-year accuracy 6 / 19 met price target	60% upside $16	Overweight Maintained	28 Oct 2024
UBS Joshua Spector 39% 1-year accuracy 15 / 38 met price target	90% upside $19	Buy Upgraded	10 Oct 2024