Grupo Mexico (OTCMKTS:GMBXF) Sees Unusually-High Trading Volume – Here’s What Happened
by Scott Moore · The Cerbat GemGrupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) saw an uptick in trading volume on Thursday . 33,398 shares were traded during trading, an increase of 90% from the previous session’s volume of 17,620 shares.The stock last traded at $9.8244 and had previously closed at $9.90.
Analyst Ratings Changes
GMBXF has been the subject of a number of recent research reports. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. The Goldman Sachs Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Finally, Jefferies Financial Group cut shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on GMBXF
Grupo Mexico Price Performance
The business has a 50-day moving average of $9.03 and a 200 day moving average of $7.70.
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.