Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider David Valembois sold 2,000 shares of Methanex stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$51.90, for a total transaction of C$103,800.00.
Shares of Methanex Co. (TSE:MX) opened at 63.51 on Wednesday. The stock’s 50 day moving average price is $57.93 and its 200 day moving average price is $59.24. Methanex Co. has a 52-week low of $38.09 and a 52-week high of $69.88. The company has a market capitalization of $5.47 billion and a P/E ratio of 24.71.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Saturday, September 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, September 14th. This is a boost from Methanex’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.89%.
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Several research firms have commented on MX. BMO Capital Markets reaffirmed an “outperform” rating and set a C$57.00 price objective on shares of Methanex in a research note on Thursday, July 6th. Scotiabank reaffirmed a “sector perform” rating and set a C$69.00 price objective on shares of Methanex in a research note on Tuesday, July 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Methanex has an average rating of “Hold” and an average price target of C$59.50.
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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