Grupo Mexico (OTCMKTS:GMBXF) Sets New 52-Week High – Here’s Why
by Kim Johansen · The Markets DailyGrupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.97 and last traded at $12.97, with a volume of 1876 shares traded. The stock had previously closed at $12.70.
Analyst Ratings Changes
Several equities research analysts have weighed in on GMBXF shares. Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a research note on Monday, June 15th. The Goldman Sachs Group upgraded Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Research Report on GMBXF
Grupo Mexico Price Performance
The company’s 50-day moving average is $11.96 and its 200 day moving average is $11.68.
Grupo Mexico Company Profile
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.