Grupo Mexico (GMBXF) Expected to Announce Earnings on Monday

Grupo Mexico (OTCMKTS:GMBXF) will likely be announcing its resultson Monday, July 27th. Analysts expect the company to announce earnings of $0.2149 per share and revenue of $5.6265 billion for the quarter.

Grupo Mexico Price Performance

Shares of OTCMKTS GMBXF opened at $11.66 on Monday. The stock has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $11.48. Grupo Mexico has a 1-year low of $5.92 and a 1-year high of $12.95.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Grupo Mexico in a report on Monday, June 15th. The Goldman Sachs Group raised shares of Grupo Mexico from a “hold” rating to a “buy” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.