Grupo Mexico (OTCMKTS:GMBXF) Upgraded at Zacks Research

Zacks Research upgraded shares of Grupo Mexico (OTCMKTS:GMBXF) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports.

Separately, Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Grupo Mexico Price Performance

GMBXF stock opened at $12.50 on Monday. Grupo Mexico has a one year low of $7.54 and a one year high of $14.29. The company’s 50 day moving average price is $13.00 and its two-hundred day moving average price is $12.14.

Grupo Mexico Company Profile

Grupo México is a diversified Mexican company with core operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Southern Copper Corporation, a major integrated copper producer with mining, smelting and refining activities in Mexico and Peru. The company produces copper and also recovers byproducts such as molybdenum, zinc, silver and sulfuric acid.

Grupo México’s principal mining assets include the Buenavista del Cobre operation in Sonora, Mexico, and the Cuajone and Toquepala mines in Peru.