Grupo Mexico (OTCMKTS:GMBXF) Trading 4.2% Higher – Here’s What Happened

by · The Cerbat Gem

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) rose 4.2% during trading on Tuesday . The company traded as high as $9.62 and last traded at $9.62. Approximately 3,801 shares changed hands during trading, a decline of 87% from the average daily volume of 28,421 shares. The stock had previously closed at $9.23.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. Hsbc Global Res raised shares of Grupo Mexico to a “hold” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Grupo Mexico presently has a consensus rating of “Hold”.

View Our Latest Research Report on GMBXF

Grupo Mexico Stock Performance

The company’s 50-day moving average price is $8.68 and its 200 day moving average price is $7.37.

About Grupo Mexico

(Get Free Report)

Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company’s core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.

In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world’s larger copper producers.

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