Grupo México (GMEXICOB) price forecast

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According to analysts, GMEXICOB stocks may be suitable for channel-based short- and medium-term strategies. The volatility is moderately high with a narrow trading range. The projected stock price by the end of 2024 is approximately MX$124.67.

Grupo México (GMEXICOB) is a transnational conglomerate headquartered in Mexico, operating in the mining and transportation sectors. The company is a leading producer of copper globally, accounting for about one-third of the world's production. Grupo México also mines and exports silver, gold, lead, zinc, and molybdenum. Additionally, the company owns and manages a network of railways and ports in Mexico and Peru, with its transportation division having the largest fleet of railcars in Mexico.

1

Current GMEXICOB stock price MX$104.98.

2

According to analytical forecasts, the price of GMEXICOB stocks may reach MX$124.67 by the end of 2024, and it is expected to be - MX$219.82 by the end of 2029.

3

Based on technical analysis indicators, the recommendation for the 1H (one-hour) timeframe is Neutral, and for the 1D (one-day) timeframe - Strong Buy.

GMEXICOB stocks may be of interest for short-term trading. They exhibit relatively high volatility in EUR with a narrow trading corridor, making them suitable for channel strategies. In the long term, an upward trend may be observed, partially influenced by changes in the national currency price.


How to use information from this overview:

  • Analyze the financial results of quarterly reports dynamically. In the case of positive dynamics, consider the possibility of buying stocks for at least 1 quarter.
  • Compare multiplier values with industry values. This will help you identify overvalued or undervalued stocks, and assess the level of debt burden, etc.
  • Develop short-term strategies based on signals from technical analysis indicators on intraday timeframes M5-H1.
  • Develop long-term investment trading systems based on forecasts built on mathematical and statistical analysis of quotes over more than 10 years.
NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.
  • Financial reporting data is updated quarterly.

Data for fundamental analysis of Grupo México stock

In this section you will learn about the basic statistics of Grupo México and other data for fundamental analysis. The section provides key financial indicators of the company as well as main multipliers.


Basic indicators contain information about the company that provides a general idea of its operation and position in the market.



Basic indicators
Industry
Other Industrial Metals & Mining
Sector
Basic Materials
Number of employees
31.17K
Latest dividend payment date
2024-02-29
Dividend amount
0.8
Market cap
849.65B
Net income
841.23M
52-week low
72.55
52-week high
111.82
Beta coefficient
1.09


Key financial indicators of Grupo México contain general information about the financial condition of the company. For analysis, current values are compared to the values of previous periods, forecasts and indicators of competitors.



Financial indicators
Gross profit
6.25B
Net income
841.23M
Accounts payable
556.62M
Accounts receivable
1.69B
EPS
0.09
Long-term debt
8.82B


Multipliers are coefficients, derivative financial indicators that allow for assessing financial stability, the degree of undervaluation, overvaluation, investment attractiveness of a company, company’s performance, and forecasting an increase or decline in the value of shares.



Multipliers
EV
14.55T
EV/R
59.68
P/E
14.12
EV/EBITDA
122.88
EBITDA
1.89B
P/S
59.32
Profit margin
0.23
P/B
43.59
Operating margin
0.43
Total debt
157.37B
Annual revenue per share
1.86
Debt to equity ratio
41.7
ROE
0.18
Current liquidity coefficient
5.11
ROA
0.1
Ratio of short positions to the total shares in circulation
-
Forward P/E
12.21
Forward annual dividend yield
0.03
PEG
12.21
Operating cash flow
85.23B

Grupo México stock forecast for today, GMEXICOB signals for 1 week

Short-term GMEXICOB price forecast (signals) are prepared by Traders Union based on the technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe that you need to learn the GMEXICOB forecast for today.

NOTE!

Signals may differ on different time frames. If you want to buy Grupo México (GMEXICOB) and hold the stock for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions!

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Grupo México Stock forecast for 1 year. What will the GMEXICOB price be?

In this section, you will learn the following analyst forecasts:


  • Projected stock value

The forecasts are made based on surveys of top managers of companies and analysts. Also, current financial indicators of companies and projected indicators were taken into account.

Projected stock value for six months, MXN
Current stock price 104.98
Highest projected stock price 136.8
Lowest projected stock price 70.89
Average projected stock price 107.48

GMEXICOB/MXN Chart Online

What Grupo México price will be in 5 years and 12 years – prediction by years

According to the Traders Union long-term price forecast Grupo México (GMEXICOB) can reach MX$124.67 by 2025, MX$219.82 by 2030, MX$346.04 by 2034.

Year Price in the middle of the year Price at the end of the year
2024 MX$117.6 MX$124.67
2025 MX$131.73 MX$139.64
2026 MX$147.55 MX$156.41
2027 MX$165.27 MX$175.2
2028 MX$185.12 MX$196.24
2029 MX$207.36 MX$219.82
2030 MX$232.27 MX$246.22
2031 MX$260.17 MX$275.8
2032 MX$291.42 MX$308.93
2033 MX$326.43 MX$346.04
2034 MX$365.64 MX$387.6
2035 MX$409.56 MX$434.16

Alternative long-term price forecasts by independent analytical platforms

Here, you will find long-term stock price forecasts provided by independent analytical resources. The price forecasting methodologies they use vary, which is why the forecasts may differ substantially from each other. We recommend focusing on the average price.


According to the price forecast by Walletinvestor analysts, the Grupo México stock will be priced at MX$83.597 at the beginning of 2025, and MX$76.893 at the beginning of 2028.


What Grupo México (GMEXICOB) news can influence the price in the future?

Key factors impacting stock prices:


  • Company fundamentals. Revenue, profit, debt burden, etc. Compare actual indicators with forecasts. If they exceed the forecast, stocks are likely to rise in the short term.
  • Commodity prices. Copper, silver, and gold prices influence revenue volume as the company is involved in their extraction.
  • Economic conditions. Primarily in Mexico and Peru, as the company's major facilities are located in these countries.
  • Competitive environment. From other mining and transportation companies globally. If the company invests money in reducing production costs, its stocks are likely to rise.
  • Development of new deposits. And exploration of new markets.
  • Management of the company. And its policy. Optimization of the organizational structure, management efficiency, absence of corporate disputes, and legal proceedings.

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Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.