5 Copper Stocks to Buy Now as Recession Fears Recede

3. Grupo México, S.A.B. de C.V. (OTC:GMBXF)

Number of Hedge Fund Holders: N/A

Grupo México, S.A.B. de C.V. (OTC:GMBXF) is a Mexico-based company that engages in copper production, freight transportation, and infrastructure businesses worldwide. The Mining division explores for copper, silver, molybdenum, zinc, sulfuric acid, gold, and selenium. 

On August 4, Goldman Sachs analyst Marcio Farid initiated coverage of Grupo México, S.A.B. de C.V. (OTC:GMBXF) with a Buy rating and MXN 111 price target. The analyst is optimistic on the company’s diversified, top-notch assets, with investments in copper mines, smelters, railroads, and infrastructure, noting that Grupo México, S.A.B. de C.V. (OTC:GMBXF)’s “extensive, high-quality copper assets coupled with profitable operations in the infrastructure and transportation sectors should allow for strong free cash flow generation in the next years”.