Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 797,930 shares, a decrease of 51.1% from the August 31st total of 1,630,609 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 83,202 shares, the short-interest ratio is currently 9.6 days.
Analyst Upgrades and Downgrades
Separately, Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest 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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