Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Receives Average Rating of “Hold” from Analysts

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

GMBXF has been the subject of a number of recent research reports. HSBC reiterated a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. Jefferies Financial Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group lowered Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th.

Grupo Mexico Stock Performance

Shares of GMBXF stock opened at $9.78 on Monday. Grupo Mexico has a fifty-two week low of $4.39 and a fifty-two week high of $10.02. The stock’s fifty day moving average is $8.82 and its two-hundred day moving average is $7.46.

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.