TSE:MX

Methanex Corp (MX.TO)

80.34
-4.07 (4.82%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

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

Methanex Corp (MX-T) is garnering mixed opinions from analysts. Some experts emphasize the strong performance of the stock, noting its resilience fueled by rising demand for fertilizers and chemicals related to the ongoing US-Iran conflict. This has created positive momentum, particularly as the Relative Strength Index (RSI) indicates a favorable position. However, there are concerns about a recent downturn, as some analysts note a lack of conviction in a solid upward trend. Despite the stock having a decent dividend yield, the overall EPS has decreased, and revenue forecasts are somewhat pessimistic. Nonetheless, there is a moderate buy rating with substantial upside potential if it can break through established resistance levels. The upcoming earnings report may provide further insights into its future trajectory.

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Consensus
Mixed
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Valuation
Undervalued
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SABIC
DON'T BUY
Cyclical commodity, follows GDP growth. She tends not to buy deep cyclicals. Not sure why the price drop. Stock has done well with the reopening, so this may be just a pullback.
PAST TOP PICK
(A Top Pick Jun 11/20, Up 65%) Came roaring back from the abyss. Making lots of money at current methanol prices. Robust industrial protection. Wind at their backs. He's still buying. Significant ongoing upside potential. Valuation still undemanding.
COMMENT

MX-T vs. CJT-T vs. Canadian Banks. MX-T is very tied to commodity prices. CJT-T enjoyed a surge in business due to the pandemic so probably due for a bit of a breather. He would prefer the Canadian banks, such as RY-T, TD-T and NA-T.

TOP PICK
A value cyclical play. They're the world's biggest producer of methanol. They reported a blow-out Q1 last week due to strong methanol demand roaring back from the abyss of last year as people start driving and flying again. Industrial demand has remained strong. They operate six plants tglobally, located near cheap natural gas stocks. Share have recovered nicely since last year, but he sees even more upside. It trades at 2.4x book value, a discount for them. (Analysts’ price target is $53.50)
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is looking more attractive with the pull back this year. Contract prices are rising and this year should see some robust growth. Much will depend on global recovery. Unlock Premium - Try 5i Free

BUY
Likes it, and continues to buy. It did check back in January, and we've seen this before. Seems to be consolidating in low $40s. High beta, volatile stock. Considerably more upside. Expects good earnings growth in 2021. Methanol market is really firming up, prices are up.
BUY ON WEAKNESS

A wild stock. They have been having some production troubles combined with methanol prices coming down. It is a whippy stock. It is part of the recovery trade and you could inch in a little bit more.

PAST TOP PICK
(A Top Pick Jan 09/20, Up 23%) A recovery play, very cyclical. Has moved dramatically since March lows, but there's still upside. Largest producer of methanol in the world. Continues to buy.
RISKY
Don't put all your money into this one. It's a one-product, commodity company. A price taker, rather than a price maker. It's a trade, not an investment. It can go down as fast as it can go up.
PAST TOP PICK
(A Top Pick Jan 09/20, Up 7%) It's done well in the past coming out of past recessions. When we get back to more robust economic conditions, methanol demand will pick up. Methanol prices are already up off June/July lows. A survivor.
BUY
Moved nicely since the summer, but more in the tank. Wildly cyclical. Recent earnings not very good, but tailwinds should improve things fourth quarter. Contract prices for methanol are up.
DON'T BUY
Global methanol player. Quite cyclical, follows the economy and oil prices. Comes off in a recession. Could get back to the $90s, but she avoids the cyclical names.
DON'T BUY
It is an additive in many chemicals. There is a demand in the energy area, where that sector's demand has been pretty weak. There needs to be some driver in the sector in the business to make it go higher, but he does not know what that is.
TOP PICK
Offers selective exposure to cyclicals during this recovery. MX holds a 14% share of global methanol market, used in plastics and fuel blending. Generates heavy free cash and buys back shares at the top of the economic cycle. They run efficient plants in Canada, Chile, New Zealand, etc. near low-cost natural gas supplies. Methanol's price is now very low as the pandemic pressures transportation fuel demand. A value stock, so now is a great time to enter it. It trades at 1.4x book value (10-year average is 2.5x). Upside is huge. (Analysts’ price target is $30.42)
TOP PICK
It is a cyclical stock. It is a best of breed. Their advantage is low cost leadership. Some of their plants are idle right now. It is likely a double coming out of this. (Analysts’ price target is $28.54)
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