Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Up – What’s Next?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXFGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.13, but opened at $11.9250. Grupo Mexico shares last traded at $12.00, with a volume of 2,032 shares changing hands.

Analysts Set New Price Targets

Separately, HSBC reissued a “hold” rating on shares of Grupo Mexico in a research report on Friday, October 17th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Report on Grupo Mexico

Grupo Mexico Trading Down 5.5%

The company’s 50-day simple moving average is $10.02 and its 200-day simple moving average is $8.40.

Grupo Mexico Company Profile

(Get Free Report)

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.

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