Methanex Corp (MX.TO) Buy, Sell or Hold

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Methanex Corp (MX.TO)

72.82

-2.49 (3.31%)

as of Aug 5, 2026, 8:00:00 pm Market Open.

101 watching

Investor Insights

Aug 5, 2026, 12:00 am

This summary was created by AI, based on 3 opinions in the last 12 months.

Methanex Corp (MX-T) has garnered mixed yet informative perspectives from several experts. One trader notes a successful trading history, highlighting a buy at around $50 and a sell at approximately $75, indicating a cautious approach for future buying unless a breakout occurs. Another expert points out the company's strong performance in terms of RSI and suggests that the ongoing geopolitical tensions, particularly the US-Iran war, will benefit the fertilizer and chemicals sector, with an optimistic price target of $89.31. A third review mentions a recent pullback after a breakout, identifying old support levels around $55-56. This expert believes there is potential for further gains if these levels hold, combining both technical and fundamental insights favorably towards Methanex. Overall, the sentiment reflects a blend of caution and optimism, with the potential for further price appreciation contingent on market developments.

Consensus

Positive

Valuation

Fair Value

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Nutrien, NTR

COMMENT

Likes it. He just took profits. Natural gas is driving shares, and nat gas prices are down now, so MX shares are up. It's a solid performer, but if a recession happens, say 6 months down the road, this will be a headwind.

BUY

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

PAST TOP PICK

(A Top Pick Nov 03/21, Down 11%) Tough. He sold, recognizing peak of earnings cycle had come and gone. The cycle for this industry is wild.

DON'T BUY

The group as a whole has been tougher with weak relative strength. This one kept making lower lows. Not participating in this rally. Avoid. See his Top Picks.

TOP PICK

In general the price of methanol tracks the price of oil and should go higher. Natural gas is the feeder stock into methanol. As prices ease this should be good for Methanex. Transportation costs are dropping so costs to ship methanol will drop and therefore costs for Methanex. Buy 6 Hold 5 Sell 2 (Analysts’ price target is $63.06)

PARTIAL SELL

Cyclical or core? Cyclical. He's been trimming. Depends on industrial production, which has peaked. From Q2 reporting onwards, methanex prices should get softer. Wild card is European peer operations are shut due to low price of nat gas, creating supply constraint. Buying back stock, increasing dividend.

PAST TOP PICK

(A Top Pick May 04/21, Up 47%) World leader, with a 14% market share. Uniquely advantaged, as a lot of the European rivals are facing astronomical natural gas prices. $7 EPS expected this year, and that's not the peak. Sees upside, despite good performance already.

DON'T BUY

Very whippy, counterintuitive. Tough to play. In favour right now, and tends to track oil prices. Global production issues. Buy it when no one wants it. But seriously, leave it for someone else.

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DON'T BUY

He tries to stay away from commodity-type names. They have too much volatility.

TOP PICK

Prolific free cashflow throughout the cycle. Earnings poised to grow another 74% in the next quarter. Expects a lot of share buybacks. Good upside from here. Yield is 1.08%. (Analysts’ price target is $52.46)

PAST TOP PICK

(A Top Pick Sep 10/20, Up 68%) Shares were depressed last year. Methanol is used as a fuel additive. 14% global share. Now methanol prices are back up off the summer lows from last year. Incurred a loss last year. Low cost operator. Has contractural linkage with natural gas.

DON'T BUY

Tangentially related to oil demand. You can buy quality, dividend-paying oil and gas producers with more sustainability and production predictability, without the specifics around methanol demand/supply. Gas is an area he's more excited about. Look to large senior producers in Canada instead.

DON'T BUY

He is not as much a fan of this one. The supply is controlled by a few players and there is no demand growth. He has trouble with single commodity companies.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is back to being profitable. The valuation is cheap with price to sale at 0.8x with forward P/E at 9.4x. Price to book is 1.9x. Healthy cash balance and strong financial position. Unlock Premium - Try 5i Free

BUY ON WEAKNESS

Used to own it in the portfolio. An ancillary energy play. Playing inversely against natural gas. In the cyclical category. If you believe there will be a cyclical rebound in the world, it is a good play. Was extremely overbought and nat gas prices have gone up. The valuation has gotten to a point where it is attractive as an entry point. Will benefit over the next 3 years.

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Methanex Corp (MX.TO)