Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF) Receives Average Rating of “Hold” from Analysts

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

GMBXF has been the subject of several recent analyst reports. HSBC reaffirmed a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. Hsbc Global Res upgraded Grupo Mexico to a “hold” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group cut Grupo Mexico from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th.

Grupo Mexico Trading Up 3.0%

OTCMKTS GMBXF opened at $11.34 on Friday. Grupo Mexico has a 52 week low of $4.39 and a 52 week high of $11.74. The firm has a 50 day moving average of $9.40 and a two-hundred day moving average of $8.02.

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.