Methanex Corp (MX-T)
TSE:MX
43.43
0.36
(0.84%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 5 opinions in the last 12 months.
Methanex Corp (MX) is facing economic challenges and tariff concerns, leading to a current valuation of only 8X earnings and a modest 2.05% dividend. The company is somewhat leveraged but is expected to experience earnings growth in the next two years. Experts believe there is a good potential for recovery, particularly in 2025, if the economic backdrop improves. The stock is viewed as cyclical, being influenced by changes in natural gas prices and demand in China. Several analysts suggest that while it may be a good trading opportunity, investing for the long term at this juncture is risky due to the nature of the business cycle and its fluctuating dividends.
Our PAST TOP PICK with MX has triggered its stop at $64. To remain disciplined, we recommend covering the position at this time. Combined with our previous recommendations, this will result in a net investment gain of 3%.
World's largest producer of Methanol (used in Gasoline blending/industrial applications). Canadian company with capacity to produce 10 million tones across the globe. Cyclical commodity that varies with China demand. Earnings $7/shrae in 2018, lost $1.62 in 2020, will earn ~$6.50/share in 2024. Would be a good trade, or something to buy on the dip. Hard to predict outlook of the business. ~1.5% dividend rate, which isn't high - can also be a risky dividend with cyclical business. Would not recommend investing for the long term.
We reiterate MX, the largest supplier of methanol to international markets, as a TOP PICK. The company just released earnings, beating analyst expectations by 20%. Production in the quarter was slowed due to extended turnaround times in several key regions, but this should be resolved shortly. It trades at 13x earnings and 1.5x book value. It has used some cash reserves to prudently retire debt and buy back shares. We recommend maintaining a stop-loss at $51, looking to achieve $78 — upside potential over 30%. Yield 1.0%
(Analysts’ price target is $78.17)As the largest supplier of methanol to international markets, we select MX as a TOP PICK. The company just announced the first bio-methanol marine vessel voyage that opens the door to low-emission marine transport. It trades at 9x earnings and 1.5x book value. It has been some cash reserves to prudently retire debt and buy back shares. We recommend placing a stop-loss at $51, looking to achieve $78 — upside potential over 21%. Yield 1.0%
(Analysts’ price target is $78.69)Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.
Earnings per share were 73c, beating estimates of 37c by a wide margin.
Sales of $986M beat estimates by 4%.
Earnings did fall year over year as prices fell about 16%, even as production increased.
The company continues to buy back its own stock.
The new incoming CEO sounded confident for 2023 and about 30% earnings growth is expected this year.
The market has responded well to these better-than-expected results. Unlock Premium - Try 5i Free
Methanex Corp(MX-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
Methanex Corp(MX-T) Frequently Asked Questions
What is Methanex Corp stock symbol?
Methanex Corp is a Canadian stock, trading under the symbol MX-T on the Toronto Stock Exchange (MX-CT). It is usually referred to as TSX:MX or MX-T
Is Methanex Corp a buy or a sell?
In the last year, 4 stock analysts published opinions about MX-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Methanex Corp.
Is Methanex Corp a good investment or a top pick?
Methanex Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Methanex Corp.
Why is Methanex Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Methanex Corp worth watching?
4 stock analysts on Stockchase covered Methanex Corp In the last year. It is a trending stock that is worth watching.
What is Methanex Corp stock price?
On 2025-04-28, Methanex Corp (MX-T) stock closed at a price of $43.43.
MX has been hit hard with economic and tariff concerns, and now trades at only 8X earnings, with a 2.05% dividend. It is somewhat leveraged, but consensus still calls for earnings growth in the next two years. We think it has good bounce potential over the next few years. We would be OK slowly accumulating this. We would see no rush, and it is going to take a better market for it to perform, but we do think this happens over time.
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