Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF – Get Free Report) traded up 3.5% during mid-day trading on Wednesday . The company traded as high as $13.37 and last traded at $13.15. Approximately 703 shares traded hands during trading, a decline of 98% from the average daily volume of 31,101 shares. The stock had previously closed at $12.70.
Analyst Ratings Changes
Separately, Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on GMBXF
Grupo Mexico Stock Up 2.4%
About Grupo Mexico
Grupo México, SAB. de C.V. is a Mexico-based conglomerate with principal operations in mining, transportation and infrastructure. The company is best known for its copper business, conducted primarily through Southern Copper Corporation, in which Grupo México holds a controlling interest.
Its mining operations produce copper, molybdenum, zinc, silver and lead. The company operates mines, processing facilities and related infrastructure in Mexico and Peru, with products serving industrial, construction, electrical and manufacturing markets.
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