Shares of Methanex Corp. (NASDAQ:MEOH) traded down 1.9% during trading on Wednesday . The stock traded as low as $27.19 and last traded at $27.59, with a volume of 546,612 shares. The stock had previously closed at $28.12.

Several equities analysts recently issued reports on the company. Jefferies Group reiterated a “buy” rating on shares of Methanex Corp. in a report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $48.00 price target (up previously from $43.00) on shares of Methanex Corp. in a report on Sunday, May 1st. TD Securities cut Methanex Corp. from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a report on Thursday, March 24th. CIBC upgraded Methanex Corp. from a “sector perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Tuesday. Finally, Zacks Investment Research cut Methanex Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.85.

The company’s 50 day moving average is $31.19 and its 200 day moving average is $30.98. The firm has a market cap of $2.48 billion and a P/E ratio of 16.55.

Methanex Corp. (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, April 27th. The company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.08. Equities research analysts forecast that Methanex Corp. will post ($0.01) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.10 annualized dividend and a yield of 3.98%.

A number of hedge funds have recently bought and sold shares of MEOH. Sei Investments Co. boosted its stake in Methanex Corp. by 10,026.0% in the fourth quarter. Sei Investments Co. now owns 50,630 shares of the company’s stock valued at $1,671,000 after buying an additional 50,130 shares during the last quarter. Bank of Montreal Can boosted its stake in Methanex Corp. by 1.7% in the fourth quarter. Bank of Montreal Can now owns 93,107 shares of the company’s stock valued at $3,075,000 after buying an additional 1,524 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Methanex Corp. by 31.7% in the fourth quarter. Nationwide Fund Advisors now owns 112,123 shares of the company’s stock valued at $3,701,000 after buying an additional 27,000 shares during the last quarter. Todd Asset Management LLC boosted its stake in Methanex Corp. by 43.8% in the fourth quarter. Todd Asset Management LLC now owns 223,399 shares of the company’s stock valued at $7,375,000 after buying an additional 68,045 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Methanex Corp. by 24.7% in the fourth quarter. Gabelli Funds LLC now owns 399,173 shares of the company’s stock valued at $13,177,000 after buying an additional 79,173 shares during the last quarter.

Methanex Corporation is a 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, and 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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