Grupo Mexico (OTCMKTS:GMBXF) Sets New 1-Year High – What’s Next?

Grupo Mexico, S.A.B. de C.V. (OTCMKTS:GMBXF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $12.55 and last traded at $12.01, with a volume of 1503 shares trading hands. The stock had previously closed at $12.15.

Wall Street Analyst Weigh In

Separately, HSBC restated a “hold” rating on shares of Grupo Mexico in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Grupo Mexico Price Performance

The business has a 50-day simple moving average of $10.27 and a two-hundred day simple moving average of $8.55.

About Grupo Mexico

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.