HSBC raised the firm’s price target on Grupo Mexico (GMBXF) to MXN 158 from MXN 131 and keeps a Hold rating on the shares. The firm says precious metal prices are hitting “record decades-high levels,” with copper outperforming base and bulk metals on supply disruptions. HSBC expects Freeport to benefit from the strength in copper and gold prices.
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Read More on GMBXF:
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