Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) shares fell 7.1% during mid-day trading on Thursday . The company traded as low as $11.9460 and last traded at $11.95. 18,112 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 34,139 shares. The stock had previously closed at $12.87.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded shares of Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on GMBXF
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.
Featured Articles
- Five stocks we like better than Grupo Mexico
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Grupo Mexico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Mexico and related companies with MarketBeat.com's FREE daily email newsletter.
