Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) have earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Several research firms have weighed in on GMBXF. Jefferies Financial Group cut Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. Finally, HSBC restated a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th.

Grupo Mexico Trading Up 0.2%

Shares of OTCMKTS GMBXF opened at $11.00 on Friday. Grupo Mexico has a 1 year low of $4.39 and a 1 year high of $11.73. The company’s 50-day moving average is $9.31 and its 200 day moving average is $7.95.

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.