Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Up – Time to Buy?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $11.13, but opened at $11.9250. Grupo Mexico shares last traded at $12.00, with a volume of 2,032 shares traded.

Analyst Ratings Changes

Separately, HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Report on GMBXF

Grupo Mexico Trading Down 5.5%

The business has a fifty day moving average price of $10.02 and a 200-day moving average price of $8.40.

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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