Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report)’s share price was down 5.3% on Wednesday . The stock traded as low as $11.60 and last traded at $11.60. Approximately 6,586 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 35,675 shares. The stock had previously closed at $12.25.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Grupo Mexico
Grupo Mexico Price Performance
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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