Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) saw strong trading volume on Thursday . 181,420 shares were traded during mid-day trading, an increase of 439% from the previous session’s volume of 33,642 shares.The stock last traded at $12.40 and had previously closed at $12.3775.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upgraded Grupo Mexico from a “hold” rating to a “buy” rating in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on GMBXF
Grupo Mexico Trading Up 0.2%
About Grupo Mexico
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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