Grupo Mexico (OTCMKTS:GMBXF) Shares Gap Up – Time to Buy?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $12.21, but opened at $13.17. Grupo Mexico shares last traded at $13.17, with a volume of 567 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank restated a “sector perform” rating on shares of Grupo Mexico in a research report on Monday, June 15th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Grupo Mexico Stock Up 1.5%

The stock’s fifty day simple moving average is $12.74 and its 200 day simple moving average is $12.00.

About Grupo Mexico

Grupo México, SAB. de C.V. is a Mexico-based conglomerate with principal operations in mining, transportation and infrastructure. The company is best known for its copper business, conducted primarily through Southern Copper Corporation, in which Grupo México holds a controlling interest.

Its mining operations produce copper, molybdenum, zinc, silver and lead. The company operates mines, processing facilities and related infrastructure in Mexico and Peru, with products serving industrial, construction, electrical and manufacturing markets.