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TSE:MX

Methanex - MX Stock Forecast, Price & News

C$62.60
-1.59 (-2.48%)
(As of 03/22/2023 04:18 PM ET)
Add
Compare
Today's Range
C$62.42
C$64.43
50-Day Range
C$58.40
C$74.33
52-Week Range
C$39.00
C$74.68
Volume
206,734 shs
Average Volume
189,987 shs
Market Capitalization
C$4.30 billion
P/E Ratio
9.81
Dividend Yield
1.50%
Price Target
C$49.43

Methanex MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
21.8% Downside
C$49.43 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.

1.80 out of 5 stars


MX stock logo

About Methanex (TSE:MX) Stock

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.

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MX Stock News Headlines

The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Methanex Releases 2022 Sustainability Report
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Methanex Third Quarter 2022 Earnings: Beats Expectations
Methanex Reports Third Quarter 2022 Results
10 Best Ethanol Stocks To Buy Now - Yahoo Finance
See More Headlines
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MX Company Calendar

Ex-Dividend for 12/31 Dividend
12/15/2022
Dividend Payable
12/31/2022
Last Earnings
2/02/2023
Ex-Dividend for 3/31 Dividend
3/16/2023
Today
3/22/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
4/26/2023

Industry, Sector and Symbol

Industry
Chemicals
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$49.43
High Stock Price Forecast
C$65.00
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
-23.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
C$353.83 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.31 billion
Cash Flow
C$17.62 per share
Book Value
C$30.50 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.41 billion
Optionable
Optionable
Beta
2.02

Key Executives

  • Mr. John N. Floren (Age 63)
    Pres, CEO & Director
    Comp: $4.75M
  • Mr. Ian P. Cameron
    Sr. VP of Fin. & CFO
  • Ms. Vanessa L. James
    Sr. VP of Corp. Devel. & Sustainability
  • Mr. Kevin L. Henderson
    Sr. VP of Manufacturing
  • Mr. Bradley W. Boyd
    Sr. VP of Corp. Resources
  • Sarah Herriott
    Director of Investor Relations
  • Mr. Kevin Price
    Gen. Counsel & Corp. Sec.
  • Mr. Richard W. Sumner
    Sr. VP of Global Marketing & Logistics













MX Stock - Frequently Asked Questions

Should I buy or sell Methanex stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
View MX analyst ratings
or view top-rated stocks.

What is Methanex's stock price forecast for 2023?

7 brokerages have issued 12 month price objectives for Methanex's shares. Their MX share price forecasts range from C$36.00 to C$65.00. On average, they expect the company's stock price to reach C$49.43 in the next twelve months. This suggests that the stock has a possible downside of 23.0%.
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 beginning of 2023. Since then, MX stock has increased by 25.2% and is now trading at C$64.19.
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 Wednesday, April 26th 2023.
View our MX earnings forecast
.

How were Methanex's earnings last quarter?

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

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

Methanex declared a quarterly dividend on Thursday, January 26th. Investors of record on Friday, March 17th will be paid a dividend of 0.238 per share on Friday, March 31st. This represents a $0.95 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for MX
.

Is Methanex a good dividend stock?

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.

What other stocks do shareholders of Methanex own?
What is Methanex's stock symbol?

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

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.

What is Methanex's stock price today?

One share of MX stock can currently be purchased for approximately C$64.19.

How much money does Methanex make?

Methanex (TSE:MX) has a market capitalization of C$4.41 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.

How many employees does Methanex have?

The company employs 1,300 workers across the globe.

How can I contact Methanex?

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.

This page (TSE:MX) was last updated on 3/22/2023 by MarketBeat.com Staff