Grupo Mexico (OTCMKTS:GMBXF) Sets New 1-Year High – Here’s Why

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $12.97 and last traded at $12.97, with a volume of 1876 shares. The stock had previously closed at $12.70.

Analyst Upgrades and Downgrades

GMBXF has been the topic of several research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Mexico in a report on Monday, June 15th. The Goldman Sachs Group raised Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Grupo Mexico currently has an average rating of “Hold”.

Grupo Mexico Price Performance

The firm has a 50 day moving average of $11.94 and a 200-day moving average of $11.65.

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.