Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Down – What’s Next?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $11.57, but opened at $11.15. Grupo Mexico shares last traded at $11.8329, with a volume of 2,536 shares.

Analyst Upgrades and Downgrades

Separately, HSBC reiterated a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Read Our Latest Stock Report on Grupo Mexico

Grupo Mexico Stock Performance

The firm’s 50-day simple moving average is $10.14 and its 200-day simple moving average is $8.44.

Grupo Mexico Company Profile

(Get Free Report)

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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