Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Down – Here’s Why

Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

Separately, HSBC reissued 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 company. According to data from MarketBeat.com, Grupo Mexico currently has a consensus rating of “Hold”.

View Our Latest Report on GMBXF

Grupo Mexico Price Performance

The company’s 50-day moving average price is $10.14 and its 200 day moving average price 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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