Should I buy or sell Methanex stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MX shares. View MX analyst ratings or view top-rated stocks .

What is Methanex's stock price target for 2024?

2 brokers have issued 12 month target prices for Methanex's stock. Their MX share price targets range from C$50.00 to C$50.00. On average, they anticipate the company's share price to reach C$50.00 in the next twelve months. This suggests that the stock has a possible downside of 14.6%. View analysts price targets for MX or view top-rated stocks among Wall Street analysts .

How have MX shares performed in 2023?

Methanex's stock was trading at C$51.26 at the start of the year. Since then, MX shares have increased by 14.3% and is now trading at C$58.57. View the best growth stocks for 2023 here .

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our MX earnings forecast .

How were Methanex's earnings last quarter?

Methanex Co. (TSE:MX) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.13. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. Methanex had a net margin of 4.80% and a trailing twelve-month return on equity of 11.84%.

How often does Methanex pay dividends? What is the dividend yield for Methanex?

Methanex declared a quarterly dividend on Thursday, November 16th. Stockholders of record on Friday, December 15th will be paid a dividend of 0.257 per share on Friday, December 29th. This represents a $1.03 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from the stock's previous quarterly dividend of C$0.25. Read our dividend analysis for MX .

Is Methanex a good dividend stock?

Methanex (TSE:MX) pays an annual dividend of C$1.01 per share and currently has a dividend yield of 1.78%. The dividend payout ratio is 27.67%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MX .

What other stocks do shareholders of Methanex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Methanex investors own include Toronto-Dominion Bank (TD) , Bank of Nova Scotia (BNS) , Suncor Energy (SU) , Air Canada (AC) , Magna International (MG) , BCE (BCE) , Royal Bank of Canada (RY) , Canadian National Railway (CNR) , Enbridge (ENB) and Canadian Natural Resources (CNQ) .

How do I buy shares of Methanex?

Shares of MX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Methanex Stock Price, News & Analysis (TSE:MX)

C$58.57

+0.28 (+0.48%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$57.22
▼
C$58.90
50-Day Range: C$53.91
▼
C$61.80
52-Week Range: C$48.45
▼
C$74.68

Volume: 67,816 shs
Average Volume: 130,617 shs
Market Capitalization: C$3.95 billion

P/E Ratio: 16.05
Dividend Yield: 1.72%
Price Target: C$50.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Methanex MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 14.6% Downside
C$50.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.58 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Methanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$50.00, Methanex has a forecasted downside of 14.6% from its current price of C$58.57.
Amount of Analyst Coverage
Methanex has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MX.

1.7

Dividend Strength

Dividend Yield
Methanex pays a meaningful dividend of 1.78%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Methanex does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Methanex is 27.67%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MX.

0.6

News and Social Media Coverage

Search Interest
11 people have searched for MX on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Methanex insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.47% of the stock of Methanex is held by insiders.
Percentage Held by Institutions
78.92% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Methanex is 16.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.18.
Price to Earnings Ratio vs. Sector
The P/E ratio of Methanex is 16.05, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.19.
Price to Earnings Growth Ratio
Methanex has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Methanex has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Methanex Stock (TSE:MX)

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

MX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MX Stock News Headlines

November 25, 2023 | americanbankingnews.com

Methanex (TSE:MX) Shares Pass Above 200-Day Moving Average of $57.35

November 22, 2023 | msn.com

Methanex says Egypt methanol facility impacted by outage

December 5, 2023 | DTI Trader (Ad)

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November 22, 2023 | finance.yahoo.com

Methanex Corporation Provides Update on Egypt Operations

November 13, 2023 | finance.yahoo.com

Investing in Methanex (TSE:MX) three years ago would have delivered you a 30% gain

November 12, 2023 | theglobeandmail.com

Closing Bell: Methanex Corp up on Wednesday (MX)

October 25, 2023 | finance.yahoo.com

Be Wary Of Methanex (TSE:MX) And Its Returns On Capital

October 20, 2023 | finance.yahoo.com

Methanex's Commitment to Environment, Health and Safety Recognized With Three Responsible Care® Awards

December 5, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

October 13, 2023 | msn.com

Methanex lowers EBITDA outlook after opening one Trinidad plant, closing another

October 10, 2023 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Methanex Stock

September 26, 2023 | finance.yahoo.com

Methanex Corporation's (TSE:MX) large institutional owners must be happy as stock continues to impress, up 6.3% over the past week

September 18, 2023 | finance.yahoo.com

Methanex Corporation Appoints John Sampson to its Board of Directors

September 10, 2023 | finance.yahoo.com

Income Investors Should Know That Methanex Corporation (TSE:MX) Goes Ex-Dividend Soon

August 24, 2023 | theglobeandmail.com

Closing Bell: Methanex Corp down on Wednesday (MX)

August 23, 2023 | theglobeandmail.com

Closing Bell: Methanex Corp down on Tuesday (MX)

August 21, 2023 | theglobeandmail.com

Methanex: Top 25 Undervalued Toronto Stock Exchange Stocks (MX)

July 31, 2023 | finance.yahoo.com

Do Its Financials Have Any Role To Play In Driving Methanex Corporation's (TSE:MX) Stock Up Recently?

July 27, 2023 | finanznachrichten.de

Methanex Corporation: Methanex Reports Second Quarter 2023 Results

July 26, 2023 | theglobeandmail.com

Methanex Reports Second Quarter 2023 Results

July 7, 2023 | finance.yahoo.com

When Should You Buy Methanex Corporation (TSE:MX)?

June 13, 2023 | msn.com

TSX Trades Flat as Crude Weighs, But Investors Optimistic About Fed Pause

June 5, 2023 | finance.yahoo.com

Methanex's (TSE:MX) three-year earnings growth trails the 23% YoY shareholder returns

May 22, 2023 | theglobeandmail.com

Closing Bell: Methanex Corp up on Friday (MX)

May 17, 2023 | ca.finance.yahoo.com

3 Growth Stocks Set to Skyrocket as the Market Snaps Back

May 15, 2023 | finance.yahoo.com

There Are Reasons To Feel Uneasy About Methanex's (TSE:MX) Returns On Capital

May 11, 2023 | theglobeandmail.com

Closing Bell: Methanex Corp down on Thursday (MX)

See More Headlines

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Company Calendar

Ex-Dividend for 9/30 Dividend: 9/14/2023
Dividend Payable: 9/30/2023
Last Earnings: 10/25/2023
Today: 12/04/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Next Earnings (Estimated): 2/01/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Chemicals
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:MX
CUSIP: N/A
CIK: N/A
Web: www.methanex.com
Phone: +1-604-6612600
Fax: N/A
Employees: 1,410
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$50.00
High Stock Price Target: C$50.00
Low Stock Price Target: C$50.00
Potential Upside/Downside: -14.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.65
Trailing P/E Ratio: 16.05
Forward P/E Ratio: 13.30
P/E Growth: 0.44
Net Income: C$181.68 million
Net Margins: 4.80%
Pretax Margin: N/A
Return on Equity: 11.84%
Return on Assets: 2.62%

Debt

Debt-to-Equity Ratio: 129.94
Current Ratio: 1.64
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: C$3.79 billion
Price / Sales: 1.04
Cash Flow: C$16.08 per share
Price / Cash Flow: 3.64
Book Value: C$29.40 per share
Price / Book: 1.99

Miscellaneous

Outstanding Shares: 67,380,000
Free Float: N/A
Market Cap: C$3.95 billion
Optionable: Not Optionable
Beta: 1.95

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Key Executives

Mr. Richard W. Sumner (Age 48)
President, CEO & Director
Comp: $1.36M
Mr. Dean Richardson
Senior VP of Finance & Chief Financial Officer
Sarah Herriott
Director of Investor Relations
Mr. Kevin Price
Senior VP, General Counsel & Corporate Secretary
Mr. Kevin M. Maloney
Senior Vice President of Corporate Development
Ms. Karine Delbarre
Senior Vice President of Marketing & Logistics
Mr. Bradley W. Boyd
Senior Vice President of Corporate Resources
Mark Allard
Senior Vice President of Low Carbon Solutions
Mr. Gustavo Parra
Senior Vice President of Manufacturing
Rawle Ramlochan
Plant Manager

Key Competitors

View All Competitors

MX Stock Analysis - Frequently Asked Questions

Should I buy or sell Methanex stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MX shares.
View MX analyst ratings or view top-rated stocks.
What is Methanex's stock price target for 2024?: 2 brokers have issued 12 month target prices for Methanex's stock. Their MX share price targets range from C$50.00 to C$50.00. On average, they anticipate the company's share price to reach C$50.00 in the next twelve months. This suggests that the stock has a possible downside of 14.6%.
View analysts price targets for MX or view top-rated stocks among Wall Street analysts.
How have MX shares performed in 2023?: Methanex's stock was trading at C$51.26 at the start of the year. Since then, MX shares have increased by 14.3% and is now trading at C$58.57.
View the best growth stocks for 2023 here.
When is Methanex's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MX earnings forecast.
How were Methanex's earnings last quarter?: Methanex Co. (TSE:MX) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.13. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. Methanex had a net margin of 4.80% and a trailing twelve-month return on equity of 11.84%.

How often does Methanex pay dividends? What is the dividend yield for Methanex?: Methanex declared a quarterly dividend on Thursday, November 16th. Stockholders of record on Friday, December 15th will be paid a dividend of 0.257 per share on Friday, December 29th. This represents a $1.03 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from the stock's previous quarterly dividend of C$0.25.
Read our dividend analysis for MX.
Is Methanex a good dividend stock?: Methanex (TSE:MX) pays an annual dividend of C$1.01 per share and currently has a dividend yield of 1.78%. The dividend payout ratio is 27.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MX.
What other stocks do shareholders of Methanex own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Methanex investors own include Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Suncor Energy (SU), Air Canada (AC), Magna International (MG), BCE (BCE), Royal Bank of Canada (RY), Canadian National Railway (CNR), Enbridge (ENB) and Canadian Natural Resources (CNQ).
How do I buy shares of Methanex?: Shares of MX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MX) was last updated on 12/5/2023 by MarketBeat.com Staff

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Methanex Stock Price, News & Analysis (TSE:MX)

Methanex MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Methanex Stock (TSE:MX)

MX Stock Price History

MX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™