Grupo Mexico (OTCMKTS:GMBXF) Reaches New 12-Month High - Still a Buy?

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.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report)'s share price reached a new 52-week high 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.

Analyst Upgrades and Downgrades

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

Grupo Mexico Price Performance

The business's 50-day simple moving average is $6.01 and its 200-day simple moving average is $5.42.

About Grupo Mexico

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.