Insider Buying: Methanex Co. (MX) Director Acquires C$65,310.00 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Mohamed Shindy purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of C$43.54 per share, with a total value of C$65,310.00.

Methanex Co. (TSE:MX) traded up 2.84% during mid-day trading on Friday, hitting $59.82. 273,658 shares of the company’s stock traded hands. Methanex Co. has a one year low of $35.01 and a one year high of $69.88. The stock has a market cap of $5.28 billion and a PE ratio of 37.74. The firm’s 50-day moving average price is $61.17 and its 200-day moving average price is $60.33.

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Several analysts have commented on MX shares. Royal Bank of Canada reissued a “sector perform” rating and set a C$68.00 price target on shares of Methanex in a research report on Thursday, January 26th. Scotiabank reissued a “sector perform” rating and set a C$48.00 price target on shares of Methanex in a research report on Tuesday, January 31st. Finally, TD Securities increased their price target on shares of Methanex from C$47.00 to C$50.00 and gave the company a “hold” rating in a research report on Friday, January 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of C$55.10.

Methanex Company Profile

Methanex Corp is a Canada-based 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, as well as 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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