Grupo Mexico (GMBXF) Expected to Announce Earnings on Thursday

Key Points

• Grupo México is expected to report earnings on Thursday, April 23, with analysts forecasting EPS $0.2206 and $5.6505 billion in revenue for the quarter.
• Shares opened at $12.00 and were trading up about 1.3%; the stock's 50-day and 200-day simple moving averages are $11.39 and $10.02, and its 12-month range is $4.70–$12.76.
• Goldman Sachs upgraded Grupo México from a hold to a buy on April 10, and the company carries an overall analyst consensus of a Moderate Buy (two Buys, two Holds).

Grupo Mexico (OTCMKTS:GMBXF - Get Free Report) is anticipated to post its resultson Thursday, April 23rd. Analysts expect Grupo Mexico to post earnings of $0.2206 per share and revenue of $5.6505 billion for the quarter.

Grupo Mexico Trading Up 1.3%

Shares of Grupo Mexico stock opened at $12.00 on Thursday. The company's fifty day simple moving average is $11.39 and its 200-day simple moving average is $10.02. Grupo Mexico has a 1-year low of $4.70 and a 1-year high of $12.76.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Grupo Mexico from a "hold" rating to a "buy" rating in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

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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