Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 3,278,419 shares, a growth of 1,026.6% from the December 31st total of 291,003 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,403 shares, the days-to-cover ratio is currently 55.2 days. Based on an average daily trading volume, of 59,403 shares, the days-to-cover ratio is currently 55.2 days. Approximately 0.0% of the shares of the stock are short sold.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on GMBXF shares. Hsbc Global Res upgraded shares of Grupo Mexico to a “hold” rating in a research report on Monday, October 6th. Jefferies Financial Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Analysis on GMBXF
Grupo Mexico Stock Performance
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.
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