Grupo Mexico (GMBXF) Expected to Announce Quarterly Earnings on Thursday

Grupo Mexico (OTCMKTS:GMBXF) is expected to announce its resultson Thursday, April 23rd. Analysts expect the company to announce earnings of $0.2206 per share and revenue of $5.6505 billion for the quarter.

Grupo Mexico Stock Down 4.5%

Shares of OTCMKTS GMBXF opened at $11.60 on Wednesday. Grupo Mexico has a fifty-two week low of $4.92 and a fifty-two week high of $12.76. The company has a 50 day simple moving average of $11.41 and a two-hundred day simple moving average of $10.12.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Grupo Mexico from a “hold” rating to a “buy” rating in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Grupo Mexico has an average rating of “Moderate Buy”.

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.