|Bid||25.75 x 0|
|Ask||25.77 x 0|
|Day's Range||25.21 - 25.93|
|52 Week Range||13.24 - 57.82|
|Beta (5Y Monthly)||2.46|
|PE Ratio (TTM)||35.81|
|Earnings Date||Jul. 29, 2020 - Aug. 06, 2020|
|Forward Dividend & Yield||1.51 (5.87%)|
|Ex-Dividend Date||Jun. 15, 2020|
|1y Target Est||72.18|
Should you buy Methanex (TSX:MX) stock right now?The post Buy Alert: This TSX Stock Has Gained 32% Since May appeared first on The Motley Fool Canada.
Today we'll evaluate Methanex Corporation (TSE:MX) to determine whether it could have potential as an investment idea...
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The amendments to Methanex's (MEOH) credit facilities are expected to offer meaningful financial covenant relief and greater timeline flexibility for completing the Geismar 3 project.
Except where otherwise noted, all currency amounts are stated in United States dollars. VANCOUVER, British Columbia, June 03, 2020 (GLOBE NEWSWIRE) -- Methanex Corporation (MX.TO) (MEOH) announced today that it has amended its $300 million committed revolving credit facility and $800 million non-revolving construction facility. The financial covenant relief is effective upon Methanex’s election and will provide, among other things, more flexibility in the calculation of the minimum EBITDA to interest coverage ratio through June 30, 2021 and an increase of the maximum debt to capitalization ratio through June 30, 2023.
TORONTO , May 22, 2020 /CNW/ - S&P Dow Jones Indices announces the following index change to the S&P/TSX Canadian Dividend Aristocrats Index as a result of the monthly dividend review. Change will be effective ...
Long considered safe income stocks, Canadian Dividend Aristocrats are now cutting or suspending dividends at a record pace. The outlook isn't any better.The post Dividend Aristocrats: Outlook Is Bearish appeared first on The Motley Fool Canada.
For the first quarter of 2020, Methanex (MX.TO) (MEOH) reported net income attributable to Methanex shareholders of $23 million ($0.21 net income per common share on a diluted basis) compared to net income of $9 million ($0.12 net income per common share on a diluted basis) in the fourth quarter of 2019. Adjusted EBITDA for the first quarter of 2020 was $138 million and Adjusted net income was $8 million ($0.10 Adjusted net income per common share).
Methanex stock has underperformed in the last year. However its cheap valuation and growing market make it an attractive bet right now. The post This TSX Stock Is Too Cheap to Ignore appeared first on The Motley Fool Canada.
VANCOUVER, British Columbia, May 01, 2020 -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results.
Methanex Corporation (MX.TO) (MEOH) announced today that, in addition to the actions previously announced, it is taking additional measures to enable greater financial flexibility and preserve liquidity in response to the current uncertain market conditions caused by the COVID-19 pandemic and low oil price environment. The Company is working with its banking partners to obtain flexibility on certain financial covenants in its existing $300 million committed revolving credit facility and $800 million non-revolving construction facility. The Company has agreed on key parameters with its lead bank and is working with the other members of the bank syndicate to finalize these changes to the credit facilities, which is expected in the second half of May.
Methanex Corporation (MX.TO) (MEOH) announced that its annual general meeting of shareholders scheduled for Thursday, April 30, 2020, starting at 10:00am (Pacific Time), will now be held at Methanex’s temporary head office in Vancouver located at Suite 800 – 355 Burrard Street. The change in location is a result of the temporary closure of the venue described in the Notice of Meeting dated March 5, 2020 due to the ongoing COVID-19 pandemic. As a precautionary measure, to support the health and safety of shareholders, employees and the community, Methanex urges shareholders and others not to attend the annual meeting in person.
VANCOUVER, British Columbia, April 07, 2020 -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it will report its Q1 2020 results on May 5, 2020 and will hold.
Methanex Corporation (MX.TO) (MEOH) announced today that, in light of the significant uncertainty in the global economy from the COVID-19 pandemic, resulting in a challenging commodity price and project execution environment, it is taking action to defer approximately $500 million of previously announced capital spending on its Geismar 3 methanol project for up to 18 months. Methanex also provided an update on other actions it is taking to strengthen its financial position.
Methanex Corporation (MX.TO) (MEOH) today filed its Annual Report, which includes its audited Consolidated Financial Statements and related Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2019, as well as its 2019 Annual Information Form, with Canadian securities regulatory authorities. The Company also filed its Form 40-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. Copies of these documents are available electronically on the Company’s website at www.methanex.com in the Investor Relations section, at www.sedar.com (Canadian filings) and at www.sec.gov/edgar.shtml (U.S. filings).
Methanex Corporation (MX.TO) (MEOH) announced today that it has idled its Titan plant in Trinidad effective today and will idle its Chile IV plant effective April 1, 2020. As a result, we are reducing production at our methanol facilities, where we have flexibility in our gas agreements, to prepare for lower demand for methanol. Methanex currently has significant liquidity of approximately $700 million, including cash on hand and an undrawn committed revolving credit facility, as well as an $800 million undrawn construction facility for the Geismar 3 project.
Methanex stock has a dividend yield of 9.3% and a forward price-to-earnings multiple of 11, making it one of the top bets for value investors. The post An Investment of $10,000 in This TSX Stock Will Yield $930 in Annual Dividends appeared first on The Motley Fool Canada.
It looks like Methanex Corporation (TSE:MX) is about to go ex-dividend in the next 4 days. You will need to purchase...