Insider Selling: Methanex Co. (MX) Insider Sells 5,000 Shares of Stock
Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Simon Christopher Maddren sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of C$56.15, for a total value of C$280,750.00.
Shares of Methanex Co. (TSE:MX) traded down 1.63% during mid-day trading on Thursday, hitting $54.89. The stock had a trading volume of 266,474 shares. The stock’s 50-day moving average price is $56.69 and its 200-day moving average price is $60.04. The firm has a market cap of $4.73 billion and a PE ratio of 21.36. Methanex Co. has a 52-week low of $36.44 and a 52-week high of $69.88.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Saturday, September 16th will be issued a $0.30 dividend. This is a positive change from Methanex’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 14th.
TRADEMARK VIOLATION WARNING: “Insider Selling: Methanex Co. (MX) Insider Sells 5,000 Shares of Stock” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/17/insider-selling-methanex-co-mx-insider-sells-5000-shares-of-stock.html.
Several analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Methanex to C$73.50 and set a “sector perform” rating for the company in a research note on Friday, April 28th. Scotiabank reissued a “sector perform” rating and issued a C$69.00 price objective on shares of Methanex in a research note on Tuesday, July 4th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$57.00 price objective on shares of Methanex in a research note on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Methanex has a consensus rating of “Hold” and a consensus price target of C$59.50.
Methanex Company Profile
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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.