Outlook for 2023
The consensus of Bloomberg analysts anticipates that the mining company that will generate the highest return on its shares is Autlán, with a perspective that it reaches a price of 22.25 pesos, which means a potential upside of 32% compared to its current price of 16.85 pesos.
A few weeks ago, the rating agency HR Ratings mentioned in a report that it was improving Autlán’s grade due to the increase that reflects its position as a national leader in the extraction of manganese ore and production of ferroalloys, which has been thanks to its vertical integration and its relative flexibility to adapt its production levels to market demand.
Intercam analysts have said moderate sales growth is anticipated for Peñoles given a more challenging environment, but its experience in mining asset management will help it face challenges in the coming quarters.
For Grupo México, Intercam analysts commented that the mining company has the largest copper reserves, in addition to being one of the most efficient and with important long-term projects. The shares of Grupo México have a growth potential of 11.3% to reach a price of 89.45 pesos, according to Bloomberg data.