Methanex - MX Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MX, but not buy additional shares or sell existing shares.
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7 analysts have issued 12-month price objectives for Methanex's stock. Their MX share price forecasts range from C$36.00 to C$65.00. On average, they predict the company's stock price to reach C$49.43 in the next year. This suggests that the stock has a possible downside of 21.0%.
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Methanex's stock was trading at C$51.26 at the beginning of the year. Since then, MX shares have increased by 22.1% and is now trading at C$62.60.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our MX earnings forecast.

Methanex Co. (TSE:MX) posted its quarterly earnings results on Thursday, February, 2nd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.36. The business earned $1.34 billion during the quarter, compared to analysts' expectations of $1.26 billion. Methanex had a trailing twelve-month return on equity of 21.09% and a net margin of 8.21%.

Methanex announced a quarterly dividend on Thursday, January 26th. Investors of record on Friday, March 17th will be given a dividend of 0.238 per share on Friday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for MX.

Methanex (TSE:MX) pays an annual dividend of C$0.94 per share and currently has a dividend yield of 1.46%. The dividend payout ratio is 14.73%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MX.

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).

Methanex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MX."

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.
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One share of MX stock can currently be purchased for approximately C$62.60.

Methanex (TSE:MX) has a market capitalization of C$4.30 billion and generates C$4.31 billion in revenue each year. The company earns C$353.83 million in net income (profit) each year or C$6.38 on an earnings per share basis.

The company employs 1,300 workers across the globe.

Methanex's mailing address is 1800-200 Burrard St, VANCOUVER, BC V6C 3M1, Canada. The official website for the company is www.methanex.com. The company can be reached via phone at +1-604-6612600.