Ternium (NYSE:TX) shares are on the move again on Wall Street this Friday as investors once again pile into the $7bn steel producer. The stock closed up at $48 on Thursday and looks like it will try to probe its one year high of just under $55 over the next few sessions.
The fundamentals for the stock look excellent, with a forecast 12 month PE ratio of 4.4, a dividend yield of 5.87% and a price to book value of 0.98. Return on capital and return on equity, when based against its sector, are also solid. Revenues are on course to best the pre-pandemic numbers the company put in for 2019. We are expecting it may even surprise to the upside with its next set of numbers.
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