Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) fell 4.8% during mid-day trading on Friday . The stock traded as low as $12.99 and last traded at $13.12. Approximately 781 shares changed hands during trading, a decline of 97% from the average session volume of 30,434 shares. The stock had previously closed at $13.78.
Analysts Set New Price Targets
Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Mexico in a report on Monday, June 15th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on GMBXF
Grupo Mexico Stock Performance
About Grupo Mexico
Grupo México, SAB. de C.V. is a Mexico-based conglomerate with principal operations in mining, transportation and infrastructure. The company is best known for its copper business, conducted primarily through Southern Copper Corporation, in which Grupo México holds a controlling interest.
Its mining operations produce copper, molybdenum, zinc, silver and lead. The company operates mines, processing facilities and related infrastructure in Mexico and Peru, with products serving industrial, construction, electrical and manufacturing markets.
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