Ternium (TX)

• Market cap: $6.33B
• 1 day: 1.06%
• 5 days: 4.87%
• 1 month: 8.98%
• 3 months: 5.08%
• 6 months: -3.24%
• Year to date: 10.17%
• 1 year: -19.89%
• 5 years: 169.37%
• 10 years: 88.27%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

About: Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel, Usiminas and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The Usiminas segment include iron ore extraction, steel transformation, production of capital goods and logistics. The vast majority of its revenue comes from the steel segment and geographically from Mexico.

Employees: 33,949

Fund manager confidence

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

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

0.01% less ownership

Funds ownership: 1.16% [Q3] → 1.16% (-0.01%) [Q4]

4% less call options, than puts

Call options by funds: $1.98M | Put options by funds: $2.06M

13% less funds holding

Funds holding: 135 [Q3] → 117 (-18) [Q4]

21% less capital invested

Capital invested by funds: $842M [Q3] → $661M (-$181M) [Q4]

34% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 47

56% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 32

Research analyst outlook

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

• Low target: $32 1% downside
• Avg. target: $36 10% upside
• High target: $39 21% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

UBS Caio Greiner 0% 1-year accuracy 0 / 1 met price target	1% downside $32	Neutral Initiated	12 Mar 2025
Goldman Sachs Thiago Ojea 67% 1-year accuracy 2 / 3 met price target	21% upside $39	Buy Maintained	6 Feb 2025