Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) gapped down prior to trading 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.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Scotiabank reissued a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. Zacks Research raised Grupo Mexico from a “hold” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report 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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