Grupo Mexico (GMBXF) Expected to Announce Earnings on Tuesday

Grupo Mexico (OTCMKTS:GMBXF) is anticipated to post its resultson Tuesday, October 20th. Analysts expect the company to post earnings of $0.2241 per share and revenue of $5.94 billion for the quarter.

Grupo Mexico Price Performance

Shares of OTCMKTS:GMBXF opened at $13.22 on Monday. Grupo Mexico has a fifty-two week low of $7.71 and a fifty-two week high of $14.29. The business has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $12.29.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Grupo Mexico from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Grupo Mexico currently has a consensus rating of “Buy”.

About Grupo Mexico

Grupo México, SAB. de C.V. is a Mexican conglomerate with operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Americas Mining Corporation, which owns a controlling interest in Southern Copper Corporation. The company’s principal products include copper, molybdenum, silver, zinc and other mineral concentrates.

Grupo México operates mining and processing facilities in Mexico, Peru and the United States. Its Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while Southern Copper operates the Toquepala and Cuajone mines and related processing facilities in Peru.