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Grupo Mexico (OTCMKTS:GMBXF) Hits New 52-Week High - What's Next?

Grupo Mexico logo with Multi-Sector Conglomerates background

Key Points

  • Grupo Mexico shares reached a new 52-week high of $6.66 during mid-day trading, marking an increase from the previous closing price of $6.57.
  • Morgan Stanley upgraded Grupo Mexico to an "overweight" rating, reflecting increased analyst confidence in the company's performance.
  • The company operates in sectors like copper production and cargo transportation, indicating a diverse involvement in the mining and infrastructure industries.
  • Interested in Grupo Mexico? Here are five stocks we like better.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $6.66 and last traded at $6.66, with a volume of 16612 shares traded. The stock had previously closed at $6.57.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded Grupo Mexico to an "overweight" rating in a research note on Tuesday, July 15th.

View Our Latest Report on Grupo Mexico

Grupo Mexico Stock Performance

The firm's 50 day moving average is $6.04 and its two-hundred day moving average is $5.44.

About Grupo Mexico

(Get Free Report)

Grupo México, SAB. de C.V. engages in copper production, cargo transportation, and infrastructure businesses worldwide. The company operates through Mining, Transportation, and Infrastructure divisions. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium.

Further Reading

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