18.75 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||17.02 x 900|
|Ask||18.77 x 900|
|Day's Range||17.98 - 18.82|
|52 Week Range||9.00 - 44.33|
|Beta (5Y Monthly)||2.46|
|PE Ratio (TTM)||26.11|
|Forward Dividend & Yield||1.12 (6.23%)|
|Ex-Dividend Date||Jun 15, 2020|
|1y Target Est||21.42|
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Moody's Investors Service (Moody's) downgraded Methanex Corporation's (Methanex) senior unsecured ratings to Ba1 from Baa3. Moody's concurrently assigned a Ba1 corporate family rating (CFR), a probability of default rating of Ba1-PD, and a Speculative Grade Liquidity Rating of SGL-2 to Methanex.
Today we'll evaluate Methanex Corporation (TSE:MX) to determine whether it could have potential as an investment idea...
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.
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).
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.
Toronto, April 01, 2020 -- Moody's Investors Service (Moody's) changed Methanex Corporation's (Methanex) outlook to negative from stable. Moody's affirmed the Baa3 senior unsecured ratings and the (P)Baa3 on the senior unsecured shelf. "The change in outlook to negative reflects the pressure on cash flow and credit metrics resulting from the substantial decline in methanol prices, which have moved down largely with the drop-in oil price," said Paresh Chari Moody's analyst.
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.
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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.
It looks like Methanex Corporation (TSE:MX) is about to go ex-dividend in the next 4 days. You will need to purchase...
Investors who take an interest in Methanex Corporation (TSE:MX) should definitely note that the Independent Director...
VANCOUVER, British Columbia, Jan. 30, 2020 -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of.
VANCOUVER, British Columbia, Jan. 29, 2020 -- For the fourth quarter of 2019, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $9.