The Chairman & CEO of TRONOX Ltd (TROX) is Buying Shares

The Chairman & CEO of TRONOX Ltd (TROX) is Buying Shares

Today, the Chairman & CEO of TRONOX Ltd (TROX), Jeffry Quinn, bought shares of TROX for $100.3K.

Following Jeffry Quinn’s last TROX Buy transaction on December 10, 2018, the stock climbed by 3.1%. Following this transaction Jeffry Quinn’s holding in the company was increased by 2.31% to a total of $4.28 million.

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TROX’s market cap is $1.27B and the company has a P/E ratio of 576. Currently, TRONOX Ltd has an average volume of 1.4M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $17.00, reflecting a 65.4% upside. Five different firms, including Alembic Global and Barclays, currently also have a Buy rating on the stock. Starting in April 2019, TROX received 4 Buy ratings in a row.

The insider sentiment on TRONOX Ltd has been positive according to 50 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Tronox Ltd. engages in the manufacture of titanium dioxide pigment. It operates titanium-bearing mineral sand mines and accompanying beneficiation and smelting operations in Australia and South Africa to produce feedstock materials that can then be used in the manufacturing process for its titanium dioxide pigment products. It also offers zircon and pig iron.

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