Alembic Global Remains a Buy on TRONOX (TROX)

In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on TRONOX (TROXResearch Report), with a price target of $31.00. The company’s shares closed last Wednesday at $23.15.

According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 10.9% and a 52.0% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical, and Chemours Company.

TRONOX has an analyst consensus of Moderate Buy, with a price target consensus of $29.33.

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TRONOX’s market cap is currently $3.48B and has a P/E ratio of 14.84.

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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.

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