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.
COPYRIGHT VIOLATION WARNING: This story was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/2887417/methanex-co-mx-insider-david-valembois-sells-2000-shares.html.
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.
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.
Receive News & Ratings for Methanex Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex Co. and related companies with MarketBeat.com's FREE daily email newsletter.