Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Up - Here's Why

Key Points

• Grupo Mexico's stock price opened at $8.22, an increase from the previous close of $8.01, with a trading volume of 251 shares.
• Recent analyses have resulted in mixed ratings, with one buy rating and five hold ratings, reflecting an average rating of "Hold" for the stock.
• The stock's 50-day simple moving average is currently $7.31, while the 200-day moving average stands at $6.17.

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $8.01, but opened at $8.22. Grupo Mexico shares last traded at $8.22, with a volume of 251 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Hsbc Global Res upgraded Grupo Mexico to a "hold" rating in a research note on Monday, October 6th. HSBC reiterated a "hold" rating on shares of Grupo Mexico in a research note on Friday. Jefferies Financial Group downgraded Grupo Mexico from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Morgan Stanley upgraded Grupo Mexico to an "overweight" rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group downgraded Grupo Mexico from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Grupo Mexico Stock Up 1.1%

The stock has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $6.17.

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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