Grupo Mexico (GMBXF) Set to Post Earnings on Tuesday

Grupo Mexico (OTCMKTS:GMBXF) is projected to issue its resultson Tuesday, October 20th. Analysts expect the company to announce earnings of $0.2241 per share and revenue of $5.94 billion for the quarter.

Grupo Mexico Trading Up 1.1%

GMBXF stock opened at $13.22 on Friday. The stock has a 50-day moving average price of $13.07 and a two-hundred day moving average price of $12.27. Grupo Mexico has a 1 year low of $7.71 and a 1 year high of $14.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Grupo Mexico from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Grupo Mexico presently has an average rating of “Buy”.

Grupo Mexico Company Profile

Grupo México, SAB. de C.V. is a Mexican conglomerate with operations in mining, transportation and infrastructure. Its mining business is conducted primarily through Americas Mining Corporation, which owns a controlling interest in Southern Copper Corporation. The company’s principal products include copper, molybdenum, silver, zinc and other mineral concentrates.

Grupo México operates mining and processing facilities in Mexico, Peru and the United States. Its Mexican operations include the Buenavista del Cobre and La Caridad mining complexes, while Southern Copper operates the Toquepala and Cuajone mines and related processing facilities in Peru.