América Móvil 12-Month Price Target Raised to $27.93
Analysts have increased the 12-month price target for América Móvil, S.A.B. de C.V. to $27.93, reflecting a potential upside of approximately 16%.
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Amex Gold Mining Named Entrepreneur of the Year by Québec Mineral Exploration Association
Amex Gold Mining Inc. has been recognized as the Entrepreneur of the Year by the Québec Mineral Exploration Association for its leadership and progress at the Perron Gold Project.
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Amex Gold Mining Inc. Reports Initial Drilling Results from Resource Conversion Program
Amex Gold Mining Inc. announced initial results from its resource conversion drilling program at the Perron Gold Project, including a high-grade intercept of 227.46 g/t Au over 0.50 meters.
UBS Adjusts América Móvil Price Target to $31
UBS has revised its price target for América Móvil, S.A.B. de C.V. to $31 from $32.50 while maintaining a Buy rating.
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Shares of mobile and broadband communications companies are trading lower after SpaceX announced that it would purchase Grain Management's 800 MHz spectrum, which will put the satellite communications developer in competition with legacy terrestrial carriers, leading to lower sales and margins.
Shares of U.S.-traded companies with Brazil exposure are trading higher after the first round of Presidential election balloting showed right-wing candidate Flavio Bolsonaro with a lead over Lula, the current left-wing President. The results may indicate a possible pro-business final election outcome ahead of the October 25 run-off vote, wherein the winning candidate must achieve a majority above 50%.