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 $11.5956, but opened at $11.13. Grupo Mexico shares last traded at $11.2575, with a volume of 1,105 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GMBXF. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Mexico in a research note on Monday, June 15th. The Goldman Sachs Group upgraded Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Analysis on GMBXF
Grupo Mexico Stock Performance
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.
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