Grupo Mexico (OTCMKTS:GMBXF) Sets New 52-Week High - Time to Buy?

Key Points

• Grupo Mexico's stock reached a new 52-week high of $7.03, up from a previous close of $6.90, with a trading volume of 10,999 shares.
• Morgan Stanley upgraded Grupo Mexico to an "overweight" rating, highlighting the stock's potential for growth with an average rating of "Moderate Buy".
• The company's operations include copper production, cargo transportation, and infrastructure, indicating a diversified business strategy.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.03 and last traded at $7.03, with a volume of 10999 shares trading hands. The stock had previously closed at $6.90.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Grupo Mexico to an "overweight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Grupo Mexico Stock Up 1.9%

The business's fifty day moving average is $6.45 and its 200 day moving average is $5.66.

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.

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