Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $11.8036, but opened at $12.34. Grupo Mexico shares last traded at $12.34, with a volume of 313 shares trading hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded Grupo Mexico from a “hold” rating to a “buy” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Grupo Mexico presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on GMBXF
Grupo Mexico Stock Up 0.1%
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.
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