
TSE:MX
This summary was created by AI, based on 3 opinions in the last 12 months.
Methanex Corp (MX-T) is currently experiencing a mixed but generally positive outlook among experts. One analyst highlights strong performance indicators, such as RSI, and suggests that the ongoing geopolitical tensions, particularly related to the US-Iran situation, favor the fertilizers and chemicals sector, predicting continued rally in Methanex's stock. Another perspective acknowledges a recent breakout followed by a slight pullback, noting that the stock is resting on historical support levels, which could signal further upward movement if it breaks through certain price points. However, there is a cautious tone as one expert discusses a potential 32% drop in EPS year-over-year and a 5% decline in revenue forecasts, advising investors to wait for clearer signs of recovery and confirming upward trends. Overall, while there is potential for price appreciation and a decent dividend yield, the stock's current positioning below key moving averages suggests a careful watch is warranted before making significant investment moves.
Thinks this will be lacking for at catalyst for the next few quarters or so. They are focused on moving some of their plants. They need to get inputs, which are either coal or natural gas to produce methanol and are having a lot of trouble securing low-cost natural gas. Very shareholder friendly company. He is hoping 2013 will be a better year for them.
World’s largest methanol producer. Made a lot of money off this stock but has been selling into the recent strength. His Fair Value estimate is about $70-$75 so, when you’re getting that close to it in a cyclical stock, you might want to take a little off the table, especially after it has had such a good run.