Grupo Mexico (OTCMKTS:GMBXF) Reaches New 12-Month High - What's Next?

Key Points

• Grupo Mexico shares reached a new 52-week high of $6.50 during trading, reflecting an increase from the previous close of $6.35.
• Analysts at Morgan Stanley upgraded Grupo Mexico to an "overweight" rating, indicating expected growth potential for the stock.
• The company engages in various sectors including copper production, cargo transportation, and infrastructure, operating through specialized divisions focused on mining and resources.

Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $6.50 and last traded at $6.50, with a volume of 4580 shares trading hands. The stock had previously closed at $6.35.

Wall Street Analysts Forecast Growth

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

Grupo Mexico Stock Up 1.6%

The stock has a 50 day moving average of $5.79 and a 200-day moving average of $5.31.

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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