Grupo Mexico (OTCMKTS:GMBXF) Hits New 1-Year High – Here’s What Happened

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.9160 and last traded at $9.9160, with a volume of 2302 shares trading hands. The stock had previously closed at $9.74.

Analysts Set New Price Targets

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

Grupo Mexico Price Performance

The company has a 50-day moving average price of $8.72 and a 200-day moving average price of $7.40.

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.