Closing Bell: Methanex Corp down on Tuesday (MX)

In market activity today, shares of Methanex Corp opened at $69.81 and closed at $69.97. It traded at a low of $68.84 to a high of $69.99.

Shares plummeted -0.53% from the previous day's close of $70.34.

During the day across North America, the TSX Composite closed -0.83% at 21887.34, the S&P 500 closed 0.26% at 5360.79, the Dow Jones Industrial Average closed 0.18% at 38868.04 and the Nasdaq Composite closed 0.35% at 17192.53.

Methanex Corp traded under MX on the Toronto Stock Exchange (TSX).

Trading volume was 66,749 on 635 total trades, while having an average volume of 61,919 in the last five days.

The TSX market on the whole today saw 2,014 price advancers against 3,108 declines and 138 unchanged.

During the prior 52 weeks, MX.TO has traded as high as $74.25 (May 21,2024) and low as $50.57 (June 23,2023). Moreover, the shares have advanced 20.93 percent in the last 12 months, while they have raised 11.63% this year.

It announced a 0.18 dividend on April 24/24, with an June 14/24 ex-date and June 28/24 pay day.

Following today's trading, Methanex Corp has a market capitalization of $4.74 billion on a float of 67,387 shares outstanding. Its annual EPS is $2.47.

Methanex Corp is a TSX Chemicals company headquartered in Vancouver, CAN.

Currently, Methanex Corp's consensus rating is "Moderate Buy" based on 9 analysts according to Zacks. From those 9 analysts, 6 have buy ratings and 3 analysts gave hold ratings.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..