TSE:MX Methanex - MX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Methanex Co. Please log in to your account or sign up in order to add this asset to your watchlist. C$62.60 -1.59 (-2.48%) (As of 03/22/2023 04:18 PM ET) Add Compare Share Share Today's RangeC$62.42▼C$64.4350-Day RangeC$58.40▼C$74.3352-Week RangeC$39.00▼C$74.68Volume206,734 shsAverage Volume189,987 shsMarket CapitalizationC$4.30 billionP/E Ratio9.81Dividend Yield1.50%Price TargetC$49.43 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Methanex MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside21.8% DownsideC$49.43 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 1.0 Analyst's Opinion Consensus RatingMethanex has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$49.43, Methanex has a forecasted downside of 21.8% from its current price of C$63.23.Amount of Analyst CoverageMethanex has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MX. Previous Next 1.7 Dividend Strength Dividend YieldMethanex pays a meaningful dividend of 1.46%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMethanex does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Methanex is 14.73%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MX. Previous Next 3.1 News and Social Media Coverage News SentimentMethanex has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.30 average news sentiment score of Basic Materials companies.Search Interest27 people have searched for MX on MarketBeat in the last 30 days. This is an increase of 170% compared to the previous 30 days.MarketBeat Follows3 people have added Methanex to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Methanex insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.33% of the stock of Methanex is held by insiders.Percentage Held by Institutions75.32% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Methanex is 9.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Methanex is 9.91, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 79.41.Price to Earnings Growth RatioMethanex has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioMethanex has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Methanex (TSE:MX) StockMethanex 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.Read More Receive MX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter. Email Address MX Stock News HeadlinesMarch 14, 2023 | americanbankingnews.comMethanex Co. (MX) to Issue Quarterly Dividend of $0.24 on March 31stMarch 11, 2023 | finance.yahoo.comShould You Buy Methanex Corporation (TSE:MX) For Its Upcoming Dividend?March 22, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf 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. March 10, 2023 | finance.yahoo.comMethanex Releases 2022 Sustainability ReportMarch 1, 2023 | finanznachrichten.deMethanex Corporation: Methanex and MOL Complete First-Ever Net-Zero Voyage Fuelled by Bio-MethanolFebruary 21, 2023 | finance.yahoo.comMethanex Corporation's (TSE:MX) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?February 7, 2023 | finance.yahoo.comAn Intrinsic Calculation For Methanex Corporation (TSE:MX) Suggests It's 35% UndervaluedFebruary 3, 2023 | finanznachrichten.deMethanex Corporation: Methanex Reports Fourth Quarter 2022 ResultsMarch 22, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf 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. January 20, 2023 | finance.yahoo.comMethanex Corporation Participated in the 26th Annual CIBC Western Institutional Investor ConferenceJanuary 9, 2023 | finance.yahoo.comHere's Why Methanex (TSE:MX) Has Caught The Eye Of InvestorsDecember 26, 2022 | finance.yahoo.comThe past five years for Methanex (TSE:MX) investors has not been profitableDecember 10, 2022 | finance.yahoo.comMethanex Corporation (TSE:MX) Is About To Go Ex-Dividend, And It Pays A 1.9% YieldDecember 2, 2022 | finance.yahoo.comMethanex Makes NZ$2 Million Investment in Neonatal Unit to Support Taranaki, New Zealand CommunityNovember 8, 2022 | finance.yahoo.comMethanex Third Quarter 2022 Earnings: Beats ExpectationsOctober 26, 2022 | benzinga.comMethanex Reports Third Quarter 2022 ResultsOctober 25, 2022 | finance.yahoo.comWith 79% ownership, Methanex Corporation (TSE:MX) boasts of strong institutional backingOctober 25, 2022 | finance.yahoo.comMethanex Recognized as Canada’s Safest Chemistry EmployerOctober 18, 2022 | fool.caTSX Today: What to Watch for in Stocks on Tuesday, October 18 - The Motley Fool CanadaOctober 17, 2022 | in.investing.comCanada shares higher at close of trade; S&P/TSX Composite up 1.61% - Investing.com IndiaOctober 7, 2022 | rttnews.comCanadian Shares Down Sharply As Jobs Data Fuels Rate Hike Concerns - RTTNewsOctober 7, 2022 | finance.yahoo.com10 Best Ethanol Stocks To Buy Now - Yahoo FinanceSeptember 23, 2022 | nasdaq.comEnergy Sector Update for 09/22/2022: MEOH, MX.TO, GLP, TALO - NasdaqSeptember 23, 2022 | benzinga.comOverview Of Value Stocks In The Basic Materials Sector - Ternium (NYSE:TX), Methanex (NASDAQ:MEOH), Comme - BenzingaSeptember 21, 2022 | finance.yahoo.comMethanex Announces TSX Approval of a 5% Share Repurchase ProgramSeptember 20, 2022 | rttnews.comCanadian Market Down Firmly In Negative Territory Around Noon - RTTNewsSeptember 15, 2022 | marketwatch.comPlug Power Inc. stock falls Thursday, still outperforms market - MarketWatchSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter. Email Address MX Company Calendar Ex-Dividend for 12/31 Dividend12/15/2022Dividend Payable12/31/2022Last Earnings2/02/2023Ex-Dividend for 3/31 Dividend3/16/2023Today3/22/2023Dividend Payable3/31/2023Next Earnings (Estimated)4/26/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Chemicals Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:MX CUSIPN/A CIKN/A Webwww.methanex.com Phone+1-604-6612600FaxN/AEmployees1,300Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$49.43 High Stock Price ForecastC$65.00 Low Stock Price ForecastC$36.00 Forecasted Upside/Downside-23.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$6.38 Trailing P/E Ratio10.06 Forward P/E Ratio15.95 P/E Growth0.44Net IncomeC$353.83 million Net Margins8.21% Pretax MarginN/A Return on Equity21.09% Return on Assets6.00% Debt Debt-to-Equity Ratio124.38 Current Ratio1.99 Quick Ratio1.59 Sales & Book Value Annual SalesC$4.31 billion Price / Sales1.02 Cash FlowC$17.62 per share Price / Cash Flow3.64 Book ValueC$30.50 per share Price / Book2.10Miscellaneous Outstanding Shares68,700,000Free FloatN/AMarket CapC$4.41 billion OptionableOptionable Beta2.02 Key ExecutivesMr. John N. Floren (Age 63)Pres, CEO & Director Comp: $4.75MMr. Ian P. CameronSr. VP of Fin. & CFOMs. Vanessa L. JamesSr. VP of Corp. Devel. & SustainabilityMr. Kevin L. HendersonSr. VP of ManufacturingMr. Bradley W. BoydSr. VP of Corp. ResourcesSarah HerriottDirector of Investor RelationsMr. Kevin PriceGen. Counsel & Corp. Sec.Mr. Richard W. SumnerSr. VP of Global Marketing & LogisticsMore ExecutivesKey CompetitorsLithium AmericasTSE:LACCrescent Point EnergyTSE:CPGParamount ResourcesTSE:POUBRPTSE:DOOSSR MiningTSE:SSRMView All CompetitorsInsidersPriscilla FuchslocherSold 3,100 sharesTotal: C$165,726.00 ($53.46/share)Xiaoping YangBought 100 shares on 6/13/2022Total: C$5,796.00 ($57.96/share)Xiaoping YangBought 100 shares on 6/13/2022Total: C$5,796.00 ($57.96/share)Xiaoping YangBought 100 shares on 5/12/2022Total: C$6,110.00 ($61.10/share)Nojan AbraryBought 1,301 shares on 5/9/2022Total: C$82,146.44 ($63.14/share)View All Insider Transactions 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? 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). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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