Methanex Co. (TSE:MX) will release its earnings data after the market closes on Wednesday, July 27th. Analysts expect Methanex to post earnings of ($0.24) per share for the quarter.
Methanex Co. (TSE:MX) traded up 2.38% on Tuesday, reaching $37.47. 274,888 shares of the company were exchanged. Methanex Co. has a 12-month low of $31.63 and a 12-month high of $61.93. The company’s 50-day moving average price is $38.84 and its 200-day moving average price is $40.36. The stock has a market capitalization of $3.36 billion and a P/E ratio of 22.41.
A number of equities research analysts have recently issued reports on the stock. TD Securities increased their price target on shares of Methanex from C$34.00 to C$37.00 and gave the stock a “hold” rating in a report on Friday, April 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a C$48.50 price objective on shares of Methanex in a research report on Monday, June 6th.
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.
