Shares of Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $12.14, but opened at $11.50. Grupo Mexico shares last traded at $11.80, with a volume of 234 shares traded.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded Grupo Mexico from a "hold" rating to a "buy" rating in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on GMBXF
Grupo Mexico Stock Performance
The firm has a 50 day moving average price of $11.41 and a 200 day moving average price of $10.12.
About Grupo Mexico
(
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Grupo México is a diversified Mexican industrial conglomerate with principal operations in mining, transportation and infrastructure. The company's core business is the extraction and processing of base and precious metals, while complementary divisions provide freight rail and logistics services across Mexico. Grupo México operates as a vertically integrated enterprise that combines mineral production with the transport and logistics capabilities needed to move bulk commodities to market.
In mining, Grupo México is best known as the parent of Southern Copper Corporation and as one of the world's larger copper producers.
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