Grupo Mexico (OTCMKTS:GMBXF) Reaches New 12-Month High - Should You Buy?

Key Points

• Grupo Mexico's stock reached a new 52-week high of $7.73, reflecting a significant increase from its previous close at $7.30.
• Wall Street analysts show mixed sentiments with Morgan Stanley upgrading the stock to "overweight" while Goldman Sachs downgraded it to "hold," resulting in a consensus rating of "Hold."
• The company operates in multiple sectors, primarily focusing on copper production and also engaged in cargo transportation and infrastructure businesses worldwide.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.73 and last traded at $7.73, with a volume of 2920 shares traded. The stock had previously closed at $7.30.

Wall Street Analyst Weigh In

GMBXF has been the topic of several research reports. Morgan Stanley raised shares of Grupo Mexico to an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group cut shares of Grupo Mexico from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Grupo Mexico has a consensus rating of "Hold".

Grupo Mexico Stock Up 5.9%

The company's 50 day simple moving average is $6.72 and its 200 day simple moving average is $5.83.

Grupo Mexico Company Profile

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.

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