Methanex (MX) PT Set at C$72.00 by BMO Capital Markets
MX has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on shares of Methanex to C$73.00 and gave the stock a sector perform rating in a research note on Friday, October 27th. Raymond James Financial lowered shares of Methanex from an outperform rating to a market perform rating and set a C$77.00 price objective for the company. in a research note on Tuesday, October 31st. TD Securities boosted their price objective on shares of Methanex to C$85.00 and gave the stock a buy rating in a research note on Tuesday, December 19th. Sanford C. Bernstein reduced their price objective on shares of Methanex from C$46.43 to C$41.89 in a research note on Monday, January 29th. Finally, Scotiabank reiterated a sector perform rating and set a C$68.00 price objective on shares of Methanex in a research note on Thursday, October 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$69.48.
Methanex (TSE MX) opened at C$72.86 on Friday. The company has a market cap of $6,210.00, a P/E ratio of 16.48 and a beta of 1.32. Methanex has a 52 week low of C$52.63 and a 52 week high of C$80.61.
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Saturday, March 17th will be paid a dividend of $0.406 per share. This is a positive change from Methanex’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 15th. This represents a $1.62 dividend on an annualized basis and a yield of 2.23%. Methanex’s dividend payout ratio is presently 26.02%.
In other news, Director John Floren sold 20,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$72.85, for a total value of C$1,457,000.00. Also, Director Mike Herz sold 6,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of C$65.50, for a total transaction of C$393,000.00. Insiders have sold a total of 27,600 shares of company stock worth $1,934,720 in the last 90 days.
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Methanex Company Profile
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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