TSE:MX
16.33
0.80
(4.67%)
Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide.
More at Wikipedia
Analysis and Opinions about MX-T
Signal
Opinion
Expert
BUY
BUY
March 10, 2020
He just bought it, because he wanted more value and cyclical names. It's cheap. They're the world's biggest producer of methanol is used in plastics. They're expanding capacity in a U.S. plant and should get financing for that plant. They buyback a lot of shares. Now is a pullback opportunity.
Show full opinionHide full opinion
He just bought it, because he wanted more value and cyclical names. It's cheap. They're the world's biggest producer of methanol is used in plastics. They're expanding capacity in a U.S. plant and should get financing for that plant. They buyback a lot of shares. Now is a pullback opportunity.
WEAK BUY
WEAK BUY
February 3, 2020
He has been taking advantage in the markets of selling bond proxies. This would be one of the examples. It is a very cyclical commodity. He thinks the commodity will firm up. They are a big purchaser of their own stock. He thinks you can buy it comfortably and wait for the market to firm up.
Show full opinionHide full opinionHe has been taking advantage in the markets of selling bond proxies. This would be one of the examples. It is a very cyclical commodity. He thinks the commodity will firm up. They are a big purchaser of their own stock. He thinks you can buy it comfortably and wait for the market to firm up.
COMMENT
COMMENT
February 3, 2020
Long-term downtrend. Support at $40, but it's testing that support now. If it falls lower than that, reduce or sell altogether.
Show full opinionHide full opinionLong-term downtrend. Support at $40, but it's testing that support now. If it falls lower than that, reduce or sell altogether.
DON'T BUY
DON'T BUY
January 21, 2020
It has a big mountain of existing shares held (the chart peaked then fell a lot), so it faces a huge challenge to rise. Stay away.
Show full opinionHide full opinionIt has a big mountain of existing shares held (the chart peaked then fell a lot), so it faces a huge challenge to rise. Stay away.
SELL STRENGTH
SELL STRENGTH
January 21, 2020
It came down from a $60 head and shoulders, breaking it. Now, it's consolidating. $60 was support and is now resistance. So, sell at $60.
Show full opinionHide full opinionIt came down from a $60 head and shoulders, breaking it. Now, it's consolidating. $60 was support and is now resistance. So, sell at $60.
TOP PICK
TOP PICK
January 9, 2020
Largest producer of methanol in the world, with 14% share of global market. Lots of free cash flow. Dividend has grown 9% annually over last 10 years, plus retired 17% of shares. Discounted valuation, so a good entry point. Yield is 3.8%. (Analysts’ price target is $53.88)
Show full opinionHide full opinionLargest producer of methanol in the world, with 14% share of global market. Lots of free cash flow. Dividend has grown 9% annually over last 10 years, plus retired 17% of shares. Discounted valuation, so a good entry point. Yield is 3.8%. (Analysts’ price target is $53.88)
BUY
BUY
January 7, 2020
Seasonality is late-January to early-May. This has broken its downtrend line, so the outlook looks good.
Show full opinionHide full opinionSeasonality is late-January to early-May. This has broken its downtrend line, so the outlook looks good.
DON'T BUY
DON'T BUY
January 6, 2020
They produce a product that is loosely a substitute for gasoline. The issue is that they produce in foreign jurisdictions. He does not like to worry about the different demand characteristics compared to gasoline. He would not bother with it at these levels although it could be a trading vehicle. He prefers CNQ-T.
They produce a product that is loosely a substitute for gasoline. The issue is that they produce in foreign jurisdictions. He does not like to worry about the different demand characteristics compared to gasoline. He would not bother with it at these levels although it could be a trading vehicle. He prefers CNQ-T.
DON'T BUY
DON'T BUY
December 5, 2019
The issue is that it is a cyclical. Fundamentals have been going down. Model price is $40.74, or a 13% downside.
Show full opinionHide full opinionThe issue is that it is a cyclical. Fundamentals have been going down. Model price is $40.74, or a 13% downside.
BUY
BUY
November 19, 2019
It's had a strong sell-off, so now you can buy it.
Show full opinionHide full opinionIt's had a strong sell-off, so now you can buy it.
BUY
BUY
October 30, 2019
It may be bottoming out now, so entering this is good. He has owned this before. Good fundamentals.
Show full opinionHide full opinionIt may be bottoming out now, so entering this is good. He has owned this before. Good fundamentals.
PARTIAL SELL
PARTIAL SELL
October 1, 2019
He sold it. It's been in a downtrend since mid-2018. Unless that changes, take profits.
Show full opinionHide full opinionHe sold it. It's been in a downtrend since mid-2018. Unless that changes, take profits.
BUY WEAKNESS
BUY WEAKNESS
September 19, 2019
It's okay to hold a small 1-2% position of this. He doesn't understand why this stock is down. They've bought back a ton of stock. Investors didn't like it when they announced a new plant--why? In a few years, they will have a new plant that will increase production and revenues. It's had a big dip due to an earnings dip, but once the tide turns, this will do very well. He likes their global market share with facilities around the world.
Show full opinionHide full opinionIt's okay to hold a small 1-2% position of this. He doesn't understand why this stock is down. They've bought back a ton of stock. Investors didn't like it when they announced a new plant--why? In a few years, they will have a new plant that will increase production and revenues. It's had a big dip due to an earnings dip, but once the tide turns, this will do very well. He likes their global market share with facilities around the world.
DON'T BUY
DON'T BUY
September 17, 2019
It closely tracks oil prices, which means their chart recently has been brutal. Oil is a tough space now.
Show full opinionHide full opinionIt closely tracks oil prices, which means their chart recently has been brutal. Oil is a tough space now.
WAIT
WAIT
September 12, 2019
Don't buy it here. Methanol prices have been declining, on decreasing demand and trade issues. Cyclical. Not a secular growth story. It's a cyclical growth story, so you have to buy it at the right time.
Show full opinionHide full opinionDon't buy it here. Methanol prices have been declining, on decreasing demand and trade issues. Cyclical. Not a secular growth story. It's a cyclical growth story, so you have to buy it at the right time.
Methanex Corp(MX-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 10
Total Signals / Votes : 20
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, 20 stock analysts published opinions about MX-T. 9 analysts recommended to BUY the stock. 10 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Brian Madden on 2020-03-10. 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?
20 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 2020-04-01, Methanex Corp (MX-T) stock closed at a price of $16.33.
