Methanex (TSE:MX) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Methanex shares crossed above their 200‑day moving average (200‑day MA C$64.29), trading up to C$90.17 and last at C$89.55 on volume of ~236,248 — a notable technical breakout.
• Analyst consensus is a Moderate Buy with a consensus target of C$50.00, which is materially below the current share price, signaling analyst caution despite the rally.
• Fundamentals are mixed: market cap C$6.93B but negative EPS/PE and net margin, a negative ROE, and a high debt‑to‑equity ratio (143.44), highlighting elevated financial risk.

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$64.29 and traded as high as C$90.17. Methanex shares last traded at C$89.55, with a volume of 236,248 shares trading hands.

Wall Street Analysts Forecast Growth

MX has been the topic of a number of research reports. Scotiabank lifted their target price on shares of Methanex from C$48.00 to C$60.00 in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered shares of Methanex from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. Raymond James Financial cut shares of Methanex from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada cut shares of Methanex from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$50.00.

Methanex Stock Performance

The company has a market capitalization of C$6.93 billion, a PE ratio of -122.67, a PEG ratio of 0.44 and a beta of 0.65. The business's 50-day moving average is C$77.98 and its 200-day moving average is C$64.29. The company has a debt-to-equity ratio of 143.44, a quick ratio of 1.59 and a current ratio of 1.96.

Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last issued its earnings results on Thursday, March 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. The firm had revenue of C$1.28 billion during the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%. On average, research analysts anticipate that Methanex Co. will post 5.9482927 earnings per share for the current year.

Insider Transactions at Methanex

In other Methanex news, insider Mark Allard sold 2,000 shares of Methanex stock in a transaction dated Friday, March 27th. The shares were sold at an average price of C$86.00, for a total value of C$172,000.00. Following the completion of the transaction, the insider directly owned 16,604 shares of the company's stock, valued at approximately C$1,427,944. The trade was a 10.75% decrease in their ownership of the stock. Company insiders own 0.35% of the company's stock.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.

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