Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $13.1875, but opened at $12.40. Grupo Mexico shares last traded at $12.75, with a volume of 1,977 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on GMBXF shares. Scotiabank reissued a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. Zacks Research raised shares of Grupo Mexico from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on GMBXF
Grupo Mexico Price Performance
Grupo Mexico Company Profile
Grupo México is a diversified Mexican company with core operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Southern Copper Corporation, a major integrated copper producer with mining, smelting and refining activities in Mexico and Peru. The company produces copper and also recovers byproducts such as molybdenum, zinc, silver and sulfuric acid.
Grupo México’s principal mining assets include the Buenavista del Cobre operation in Sonora, Mexico, and the Cuajone and Toquepala mines in Peru.
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