Goldman Sachs cuts Tronox target to USD 4.00 for Tronox stock

Published on 10/18/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs kept a Sell rating on October 9, 2026. Tronox stock faces third-quarter results on November 4, 2026, after market close.

Analyst action and next report

Goldman Sachs lowered its Tronox target from USD 6.50 to USD 4.00 on October 9, 2026.
Second-quarter revenue reached USD 868.0 million, up 19.00 percent year over year.
Tronox will release third-quarter results on November 4, 2026.

TROX, GB00BJT16S69, Illustration mit AI erstellt.

Tronox stock is confronting a USD 4.00 Goldman Sachs price target after the bank cut it from USD 6.50 on October 9, 2026, according to Markets Insider. The firm kept a Sell rating, putting the analyst view alongside a difficult second-quarter earnings profile.

Goldman lowers the target

Goldman Sachs cited elevated headwinds in the target reduction, while the latest reported figures show why margin recovery matters. Tronox generated USD 868.0 million of revenue in the second quarter of 2026, an increase of 19.00 percent from the second quarter of 2025.

The company also reported a net loss attributable to Tronox of USD 171.0 million in the second quarter, including a USD 103.0 million valuation allowance. Adjusted EBITDA was USD 73.0 million, with an adjusted EBITDA margin of 8.40 percent, according to Benzinga.

What does the next report add?

Management expects third-quarter adjusted EBITDA between USD 95.0 million and USD 115.0 million, supported by pricing actions and higher operating rates. The range compares with USD 73.0 million in adjusted EBITDA in the second quarter, while seasonal volume pressure and higher input costs remain counterweights.

Three dated steps for TROX

On September 29, 2026, Tronox signed a cooperation and investment agreement with JX Advanced Metals to fund a USD 32.0 million rare-earth study on a 50/50 basis, as the Tronox release stated. On October 9, 2026, the company discussed second-quarter revenue of USD 868.0 million and adjusted EBITDA of USD 73.0 million. On October 9, 2026, Goldman Sachs lowered its target from USD 6.50 to USD 4.00.

Reporting dates ahead

Yahoo Finance reported that Tronox will publish third-quarter 2026 results on November 4, 2026, after the market close, followed by a webcast on November 5, 2026, at 9:00 a.m. ET. Those dates give investors the next scheduled test of the pricing and cost actions outlined by management.

Market value and operating pressure

Tronox operates across mineral sands mining, titanium feedstocks and titanium dioxide pigment. The second-quarter loss and the USD 95.0 million to USD 115.0 million adjusted EBITDA outlook create a clear gap between current profitability and the recovery level management is targeting.

On the NYSE, the stock was last at USD 3.47 on October 16, 2026 at 4:00 p.m. ET, while its market capitalization was USD 554.2 million on that date. The further course of trading is shown by the continuously updated real-time quote of Tronox stock.