Methanex Co. (TSE:MX) Director Dean Richardson Acquires 1,500 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Dean Richardson purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average cost of C$50.52 per share, for a total transaction of C$75,780.00.

Methanex Price Performance

Shares of TSE:MX opened at C$50.77 on Friday. The business has a fifty day simple moving average of C$62.48 and a 200 day simple moving average of C$64.58. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. Methanex Co. has a 1 year low of C$49.21 and a 1 year high of C$74.25. The firm has a market cap of C$3.42 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 0.44 and a beta of 1.82.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$0.85 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.19. The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.35 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%. As a group, sell-side analysts predict that Methanex Co. will post 3.7762448 earnings per share for the current fiscal year.

Methanex Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.253 dividend. This represents a $1.01 annualized dividend and a yield of 1.99%. This is an increase from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, September 16th. Methanex’s payout ratio is currently 35.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MX shares. Piper Sandler upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Barclays downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.