Gold bars to be exempt from tariffs, White House clarifies
Cemex SAB (NYSE:CX) de CV ADR stock reached a significant milestone, hitting a 52-week high of $7.50. This achievement marks a notable point in the company’s performance, with the $11.2 billion construction materials company delivering impressive returns of 38.4% over the past six months and 31.5% year-to-date. According to InvestingPro analysis, the stock appears undervalued with a GOOD financial health score. The Mexican multinational building materials company has shown resilience and growth, navigating market conditions to reach this peak. Investors and analysts may view this upward trend as a positive indicator of Cemex’s potential for continued success in the construction and materials sector. Get access to 8 additional InvestingPro Tips and a comprehensive Pro Research Report for deeper insights into CEMEX’s valuation and growth prospects.
In other recent news, Cemex, S.A.B. de C.V. has announced the successful completion of a $1 billion subordinated perpetual notes offering. The transaction was finalized with qualified institutional buyers under U.S. regulations and non-U.S. persons outside the United States. Cemex plans to use the net proceeds for general corporate purposes, including debt repayment. The notes were not registered under the U.S. Securities Act or offered publicly in Mexico, and were directed towards investment professionals in the UK. Additionally, Cemex has declared a cash dividend totaling $130 million, to be distributed in four equal installments. The first installment is set to be paid to holders of Cemex Ordinary Participation Certificates and American Depositary Shares as of June 17, 2025. The dividends will be paid in Mexican Pesos for CPO and bearer shareholders, while ADS holders will receive payments around June 26, 2025. These developments reflect Cemex’s latest financial strategies in the global market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.