Grupo Mexico stock fell 1.38 percent before October results
Published on 10/07/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Grupo Mexico (ISIN MXP370841019) fell 1.38 percent to MXN 232.450 at the BMV close on October 6, 2026, leaving the mining group 3.04 percent below its 52-week high of MXN 239.734. The next earnings report is scheduled for October 27, 2026, giving the recent price move a clear checkpoint.
Second-quarter figures beat estimates
According to Investing.com, Grupo Mexico reported second-quarter revenue of USD 5.72 billion for the period ended June 30, 2026, against a USD 5.63 billion forecast. Diluted EPS was USD 0.231 versus consensus of USD 0.215, producing a 7.54 percent EPS surprise and a 1.6 percent revenue surprise.
The figures matter because the company entered the second half with quarterly revenue above USD 5 billion for the second consecutive quarter. The comparison with the first quarter is also positive: finance results show revenue rising from USD 5.47 billion to USD 5.72 billion, while net income increased from USD 1.68 billion to USD 2.20 billion.
Power assets broaden the group
The operating story is no longer limited to copper. Energy Analytics Institute reported that the Saavi Energia transaction closed on September 8, 2026, creating a platform with 4.5 GW of combined generation capacity. Grupo Mexico owns 70 percent, while Global Infrastructure Partners owns the remaining 30 percent.
That structure gives Grupo Mexico a larger internal power footprint alongside its mining, rail and infrastructure activities. The energy platform can support the group's electricity needs, but the stock remains closely tied to copper prices and production performance.
Consensus stays moderately positive
MarketScreener lists an Outperform consensus from 15 analysts, with an average target of USD 13.04, a high target of USD 17.43 and a low target of USD 2.430. Those targets refer to the US dollar quotation and therefore are not compared with the BMV price in Mexican pesos.
For investors, the key balance is straightforward: second-quarter earnings exceeded consensus, while the share price remains below its yearly high and the next results date is already set. The October report will show whether the earnings momentum continued into the third quarter.
Grupo Mexico stock stays below yearly high
Grupo Mexico stock closed at MXN 232.450 on the BMV on October 6, 2026. Its market capitalization was MXN 1.8 trillion as of October 7, 2026.
Grupo Mexico stock at a glance
- Company: Grupo Mexico, S.A.B. de C.V.
- ISIN: MXP370841019
- Ticker: GMEXICOB.MX
- Trading venue: BMV
- Price (as of October 6, 2026): MXN 232.450, Closing price
- Market capitalization: MXN 1.8 trillion (as of October 7, 2026)
- 52-week range: MXN 137.302-239.734 (as of October 6, 2026)
- Sector / Industry: Materials / Diversified Mining
Upcoming dates for Grupo Mexico stock
- October 27, 2026: Third-quarter earnings report
