Grupo Mexico (OTCMKTS:GMBXF) Trading Up 6.9% – Should You Buy?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF)’s stock price was up 6.9% during mid-day trading on Thursday . The stock traded as high as $9.84 and last traded at $9.84. Approximately 1,650 shares traded hands during trading, a decline of 94% from the average daily volume of 28,956 shares. The stock had previously closed at $9.2050.

Analyst Ratings Changes

GMBXF has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. HSBC reiterated a “hold” rating on shares of Grupo Mexico in a report on Friday, October 17th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a report on Monday, October 6th. Finally, The Goldman Sachs Group lowered shares of Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Grupo Mexico Trading Up 0.4%

The firm has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $7.19.

About Grupo Mexico

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.