Grupo Mexico (OTCMKTS:GMBXF) Hits New 52-Week High – Time to Buy?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF)’s share price reached a new 52-week high on Thursday . The stock traded as high as $9.10 and last traded at $9.10, with a volume of 8120 shares changing hands. The stock had previously closed at $8.90.

Analysts Set New Price Targets

GMBXF has been the topic of several research reports. The Goldman Sachs Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. HSBC restated a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. Hsbc Global Res raised Grupo Mexico to a “hold” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group downgraded shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Grupo Mexico Price Performance

The stock has a 50-day moving average of $8.37 and a 200 day moving average of $7.01.

Grupo Mexico Company Profile

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.