Methanex Corp. (NASDAQ:MEOH) gapped down before the market opened on Monday . The stock had previously closed at $29.58, but opened at $29.95. Methanex Corp. shares last traded at $31.62, with a volume of 1,111,700 shares changing hands.

A number of equities research analysts have recently weighed in on MEOH shares. Raymond James Financial Inc. raised shares of Methanex Corp. from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, May 17th. Jefferies Group reissued a “buy” rating on shares of Methanex Corp. in a report on Tuesday, May 31st. Royal Bank Of Canada reissued a “sector perform” rating and set a $48.50 price objective on shares of Methanex Corp. in a report on Monday, June 6th. Zacks Investment Research lowered shares of Methanex Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 28th. Finally, CIBC raised shares of Methanex Corp. from a “sector perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Methanex Corp. presently has a consensus rating of “Buy” and an average target price of $40.95.

The stock has a market capitalization of $2.84 billion and a price-to-earnings ratio of 71.70. The firm has a 50-day moving average price of $28.72 and a 200 day moving average price of $31.07.

Methanex Corp. (NASDAQ:MEOH) last posted its earnings results on Thursday, July 28th. The company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.09. During the same quarter last year, the business earned $0.56 earnings per share. The company had revenue of $468 million for the quarter, compared to analysts’ expectations of $422.82 million. Methanex Corp.’s revenue was down 26.6% on a year-over-year basis. Analysts expect that Methanex Corp. will post ($0.79) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Wednesday, September 14th.

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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