Methanex Co. (MX) Insider David Valembois Sells 2,000 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider David Valembois sold 2,000 shares of Methanex stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$51.90, for a total value of C$103,800.00.

Methanex Co. (TSE MX) traded up 2.14% during trading on Tuesday, hitting $63.51. The company’s stock had a trading volume of 348,953 shares. The firm has a market cap of $5.47 billion and a PE ratio of 24.71. Methanex Co. has a one year low of $38.09 and a one year high of $69.88. The company has a 50-day moving average of $57.93 and a 200 day moving average of $59.24.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Saturday, September 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, September 14th. This is an increase from Methanex’s previous quarterly dividend of $0.28.

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A number of analysts have commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a C$57.00 price target on shares of Methanex in a research report on Thursday, July 6th. Scotiabank reaffirmed a “sector perform” rating and set a C$69.00 price target on shares of Methanex in a research report on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$59.50.

About Methanex

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.

Insider Buying and Selling by Quarter for Methanex (TSE:MX)

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