Shares of Methanex Corp. (NASDAQ:MEOH) shot up 3.7% during mid-day trading on Tuesday . The company traded as high as $30.02 and last traded at $30.01, with a volume of 374,034 shares trading hands. The stock had previously closed at $28.95.

A number of research firms recently issued reports on MEOH. Royal Bank Of Canada reiterated a “sector perform” rating and set a $48.00 price objective (up from $43.00) on shares of Methanex Corp. in a research note on Sunday, May 1st. Jefferies Group reiterated a “buy” rating on shares of Methanex Corp. in a research note on Tuesday, May 31st. Raymond James Financial Inc. upgraded Methanex Corp. from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, May 17th. Zacks Investment Research upgraded Methanex Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, Citigroup Inc. reiterated a “hold” rating and set a $31.00 price objective (down from $35.00) on shares of Methanex Corp. in a research note on Friday, July 15th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $42.45.

The stock has a 50-day moving average price of $28.55 and a 200-day moving average price of $30.96. The stock has a market capitalization of $2.64 billion and a PE ratio of 66.64.

Methanex Corp. (NASDAQ:MEOH) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.25) by $0.09. During the same quarter last year, the firm posted $0.56 earnings per share. The business had revenue of $468 million for the quarter, compared to the consensus estimate of $422.82 million. The business’s revenue was down 26.6% compared to the same quarter last year. On average, equities analysts anticipate that Methanex Corp. will post ($0.78) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.74%. The ex-dividend date is Wednesday, September 14th.

A hedge fund recently raised its stake in Methanex Corp. stock. Dimensional Fund Advisors LP raised its stake in shares of Methanex Corp. (NASDAQ:MEOH) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,650 shares of the company’s stock after buying an additional 15,028 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Methanex Corp. worth $4,478,000 at the end of the most recent reporting period.

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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