Ternium (TX)

• Market cap: $5.55B
• 1 day: -1.34%
• 5 days: -0.64%
• 1 month: 3.32%
• 3 months: -4.66%
• 6 months: -16.06%
• Year to date: -4.34%
• 1 year: -35.50%
• 5 years: 97.74%
• 10 years: 41.23%
• Sector: Materials
• Industry: Steel

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 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 vast majority of its revenue comes from the Steel segment and geographically from Mexico.

Employees: 33,949

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

9% more capital invested

Capital invested by funds: $659M [Q4 2024] → $721M (+$62.4M) [Q1 2025]

0.03% more ownership

Funds ownership: 1.15% [Q4 2024] → 1.18% (+0.03%) [Q1 2025]

3% less funds holding

Funds holding: 117 [Q4 2024] → 114 (-3) [Q1 2025]

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

27% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 45

29% less call options, than puts

Call options by funds: $1.51M | Put options by funds: $2.13M

33% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2024] → 2 (-1) [Q1 2025]

Research analyst outlook

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

• Low target: $32 14% upside
• Avg. target: $34 20% upside
• High target: $35 25% upside

2 analyst ratings

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

Goldman Sachs Thiago Ojea	25% upside $35	Buy Maintained	3 Apr 2025
UBS Caio Greiner	14% upside $32	Neutral Initiated	12 Mar 2025