# Titan America SA (TTAM)

> Source: Nexqual · https://nexqual.com/TTAM · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Titan America SA (TTAM), nexqual.com/TTAM" · informational, not investment advice.

**Price:** USD 14.03 (+3.93% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 13.5 · day 13.57–14.14 · 52w 12.88–19.57 · market cap $2.59B · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold TTAM (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (7 analysts), mean target USD 17.29 (range 14–20).
- Total return with dividends: 1Y -7.5% vs S&P 500 +14.8%; 5Y -14.7% vs S&P 500 +79.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.36, revenue estimate $478M. All companies reporting that day: https://nexqual.com/earnings/2026-11-04
- Dividend: USD 0.16 a year (yield 1.19%), paid quarterly; latest ex-dividend date 2026-10-01.
- Short interest: 12.75% of float (as of 2026-10-15), 13.1 days to cover.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold TTAM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.01% | $6.9M | Reduced -8.8% |

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 7 analysts; mean target USD 17.29 (low 14, high 20).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-28 | Stifel | Target lowered | Hold | $19 → $17 |
| 2026-10-02 | Citigroup | Target lowered | Buy | $21 → $18 |
| 2026-07-29 | Stifel | Target raised | Hold | $18 → $19 |
| 2026-07-08 | Citigroup | Target raised | Buy | $20 → $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2025-02-03) |
|---|---|---|
| Total return | -7.5% | -14.7% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | -7.5% | -8.7% |
| Volatility (annualized) | 36.6% | 34.8% |
| Max drawdown | -32.1% (Jun 2026→Oct 2026) | -32.1% (Jun 2026→Oct 2026) |

## Dividends
Annual dividend rate USD 0.16 per share, yield 1.19% at the current price. Paid over the last 12 months: USD 0.16 in 4 payments (quarterly).
Most recent ex-dividend date: Oct 1, 2026; payment date: Oct 9, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Payout ratio 17% of earnings.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-10-01 | USD 0.04 |
| 2026-06-18 | USD 0.04 |
| 2026-04-20 | USD 0.04 |
| 2025-12-17 | USD 0.04 |
| 2025-10-03 | USD 0.04 |
| 2025-06-04 | USD 0.04 |

## Short interest
3,133,816 shares sold short, 12.75% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 3,212,204 shares (-2.4%). Days to cover: 13.1 (short shares ÷ average daily volume).

## Peers (Building Materials)
USLM (United States Lime & Minerals, ) USD 113.89 +4.20% · KNF (Knife Riv Holding Co.) USD 57.6 +6.18% · TGLS (Tecnoglass Holdings Inc.) USD 38.44 +2.23% · EXP (Eagle Materials Inc) USD 181.84 +4.67% · CPAC (Cementos Pacasmayo S.A.A.) USD 12.76 -0.23% · LOMA (Loma Negra Compania Industrial ) USD 9.26 +1.54%

## More
Full page: https://nexqual.com/TTAM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TTAM's own 20-F filed 2026-03-24 (https://www.sec.gov/Archives/edgar/data/2035304/000203530426000047/ttam-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Continental Placer | "The analysis of our reserves and resources has been developed by Continental Placer, designated as our "Qualified Person" in collaboration with our personnel." |
| Partner | Titan Cement | "In February 2025, we entered into a shared services agreement with Titan Cement Company S.A., on behalf of itself and its affiliated entities, for an initial term of five years with an option to renew for additional two-…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.36 | $0.32 | +12.5% | $478.4M | 1 |
| Next quarter (ends 2026-12-31) | $0.26 | $0.25 | +4.0% | $437.7M | 1 |
| Current fiscal year (ends 2026-12-31) | $1.09 | $1.06 | +3.2% | $1.78B | 3 |
| Next fiscal year (ends 2027-12-31) | $1.23 | $1.27 | -2.6% | $1.92B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-11-04): ±14.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 50 | 57.8% | ±14.1% |
| 2027-01-15 | 78 | 60.8% | ±15.9% |
| 2027-03-19 | 141 | 54.8% | ±23.1% |
| 2027-04-16 | 169 | 55.3% | ±26.7% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.25 | $0.27 | Miss −7.4% | — |
| — | Quarter ended Mar 31, 2026 | $0.20 | $0.20 | In line | — |
| — | Quarter ended Dec 31, 2025 | $0.26 | $0.24 | Beat +8.3% | — |
| — | Quarter ended Sep 30, 2025 | $0.33 | $0.31 | Beat +6.5% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-29 | 6-K | Current report (foreign issuer) · period ended Oct 29, 2026 | https://www.sec.gov/Archives/edgar/data/2035304/000203530426000123/0002035304-26-000123-index.htm |
| 2026-08-12 | 6-K | Current report (foreign issuer) · period ended Aug 12, 2026 | https://www.sec.gov/Archives/edgar/data/2035304/000203530426000121/0002035304-26-000121-index.htm |
| 2026-07-28 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/2035304/000203530426000117/0002035304-26-000117-index.htm |
| 2026-07-28 | 6-K | Current report (foreign issuer) · period ended Jul 28, 2026 | https://www.sec.gov/Archives/edgar/data/2035304/000203530426000116/0002035304-26-000116-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.