Grupo Mexico (OTCMKTS:GMBXF) Stock Rating Upgraded by Zacks Research

Grupo Mexico (OTCMKTS:GMBXF) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Separately, Scotiabank reissued a “sector perform” rating on shares of Grupo Mexico in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Grupo Mexico Stock Performance

Grupo Mexico stock opened at $13.19 on Monday. The company has a 50-day moving average price of $12.99 and a 200 day moving average price of $12.12. Grupo Mexico has a 12-month low of $7.36 and a 12-month high of $14.29.

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.