Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) shares rose 7.8% during mid-day trading on Tuesday . The stock traded as high as $12.00 and last traded at $12.00. Approximately 3,525 shares changed hands during trading, a decline of 94% from the average daily volume of 62,648 shares. The stock had previously closed at $11.13.
Wall Street Analyst Weigh In
Separately, HSBC restated a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on GMBXF
Grupo Mexico Stock Down 0.2%
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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