Name of opportunity: 👀
Tronox Ltd
Analyst upgrade 🙌
American chemical company, Tronox, has seen a significant rise in price over the past day, going up by 11.37%. This might be because the JP Morgan analyst Jeffrey Zekauskas recently upgraded Tronox shares from Neutral to Overweight.
Tronox is considered an income stock, as it makes a profit and pays out a significant portion to shareholders through dividends. Tronox’s dividend yield is 8.8%, which means if you invested $1000 you might be paid $88.00 a year in dividends (based on the last 12 months). Which makes this stock an appealing choice for dividend-seeking investors.
The average analyst recommendation for this stock is ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Tronox Ltd might increase from $5.68 to $17.67 in the next 12 months. If you invested $1000, you might profit $2110.33.
The analyst upgrade might signal to investors that things may be looking up for Tronox, prompting a surge in price. As well as the upgrade, the price target was also raised to $7 from $5, which might have also boosted investor confidence towards Tronox.
The reason why Tronox received this upgrade, might be because analysts are expecting the price of titanium dioxide (TiO2) prices to rise in the second or third quarter of 2025, after a two-year decline. Tronox is one of the world’s biggest producers of titanium dioxide, and also sells pigments made from this material which are used for a wide variety of purposes, as well as other products. This might have also increased investor optimism and confidence surrounding Tronox, which might be one of the reasons behind the recent spike in price.
Chemical manufacturing company ⚗️
Tronox is an American worldwide chemical company that is the largest fully integrated seller and marketer of titanium dioxide. The company is headquartered in Stamford, Connecticut, United States.
Which neme?: 🔍
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