Tronox (TROX)

• Market cap: $1.05B
• 1 day: -3.89%
• 5 days: -8.25%
• 1 month: -23.77%
• 3 months: -37.19%
• 6 months: -44.65%
• Year to date: -31.45%
• 1 year: -59.30%
• 5 years: 24.44%
• 10 years: -67.40%
• 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. Europe, the Middle East, and Africa regions contribute the majority of revenue.

Employees: 6,500

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

420% more call options, than puts

Call options by funds: $3.86M | Put options by funds: $741K

23% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 61

0.44% more ownership

Funds ownership: 73.66% [Q3] → 74.11% (+0.44%) [Q4]

6% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 36

3% less funds holding

Funds holding: 210 [Q3] → 204 (-6) [Q4]

31% less capital invested

Capital invested by funds: $1.71B [Q3] → $1.18B (-$534M) [Q4]

100% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 0 (-4) [Q4]

Research analyst outlook

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

• Low target: $9 35% upside
• Avg. target: $12.30 84% upside
• High target: $15 125% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Mizuho John Roberts 34% 1-year accuracy 12 / 35 met price target	35% upside $9	Neutral Maintained	13 Mar 2025
Goldman Sachs Duffy Fischer 47% 1-year accuracy 8 / 17 met price target	72% upside $11.50	Buy Maintained	26 Feb 2025
Truist Securities Peter Osterland 0% 1-year accuracy 0 / 7 met price target	110% upside $14	Buy Maintained	18 Feb 2025
UBS Joshua Spector 26% 1-year accuracy 10 / 39 met price target	125% upside $15	Buy Maintained	13 Feb 2025
Morgan Stanley Vincent Andrews 63% 1-year accuracy 5 / 8 met price target	80% upside $12	Equal-Weight Maintained	13 Jan 2025