Grupo Mexico (OTCMKTS:GMBXF) Sets New 1-Year High – What’s Next?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.55 and last traded at $12.01, with a volume of 1503 shares changing hands. The stock had previously closed at $12.15.

Analyst Upgrades and Downgrades

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

Grupo Mexico Price Performance

The stock’s fifty day moving average is $10.27 and its two-hundred day moving average is $8.55.

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.