• Consensus Rating: Hold
  • Consensus Price Target: C$54.77
  • Forecasted Upside: 12.86 %
  • Number of Analysts: 13
  • Breakdown:
  • 2 Sell Ratings
  • 6 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
C$48.53
▲ +1.16 (2.45%)

This chart shows the closing price for MX by one month, three months, or twelve months.

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Analyst Price Target for MX

Analyst Price Target is C$54.77
▲ +12.86% Upside Potential
This price target is based on 13 analysts offering 12 month price targets for Methanex in the last 3 months. The average price target is C$54.77, with a high forecast of C$75.00 and a low forecast of C$36.00. The average price target represents a 12.86% upside from the last price of C$48.53.

This chart shows the closing price for MX for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 13 investment analysts is to hold stock in Methanex. This rating has held steady since July 2021, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
2/17/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
5/18/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
8/16/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 1 sell ratings
11/14/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 1 sell ratings
2/12/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 2 sell ratings
5/13/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 2 sell ratings
7/12/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 2 sell ratings
8/11/2022

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/2/2022BarclaysLower Price TargetBuyC$52.00
7/13/2022UBS GroupLower Price TargetSellC$36.00
5/31/2022ScotiabankDowngradeHoldC$50.00
5/10/2022Piper SandlerDowngradeSellC$48.00
5/9/2022Alembic Global AdvisorsReiterated RatingHoldC$40.00
4/29/2022BMO Capital MarketsReiterated RatingBuyC$65.00
4/19/2022Alembic Global AdvisorsReiterated RatingHold
1/28/2022BMO Capital MarketsReiterated RatingBuyC$60.00
1/27/2022UBS GroupBoost Price TargetSellC$45.00
1/27/2022Raymond JamesReiterated RatingHoldC$66.00
1/26/2022Tudor PickeringReiterated RatingHoldC$55.00
1/4/2022Royal Bank of CanadaReiterated RatingOutperformC$60.00
12/29/2021Raymond JamesDowngradeHoldC$52.00
12/22/2021Tudor PickeringReiterated RatingHoldC$44.00
12/22/2021Tudor Pickering & HoltSet Price TargetHoldC$44.00
12/16/2021Tudor PickeringReiterated RatingHoldC$56.00
11/23/2021Tudor PickeringBoost Price TargetHoldC$61.00
10/29/2021Royal Bank of CanadaReiterated RatingOUTPERFORMC$22.00
10/29/2021CIBCReiterated RatingHoldC$67.00
10/28/2021Tudor PickeringReiterated RatingHoldC$59.00
10/28/2021Raymond JamesReiterated RatingOutperformC$76.50
10/12/2021Raymond JamesBoost Price TargetOutperformC$77.00
9/30/2021TD SecuritiesBoost Price TargetBuyC$75.00
9/30/2021Royal Bank of CanadaBoost Price TargetOutperformC$76.00
9/27/2021Tudor PickeringBoost Price TargetHOLDC$61.00
9/20/2021ScotiabankUpgradeBuyC$50.00
9/15/2021Raymond JamesBoost Price TargetOutperformC$72.00
9/7/2021Jefferies Financial GroupInitiated CoverageBuyC$54.00
9/7/2021BarclaysUpgradeBuyC$53.00
9/1/2021Royal Bank of CanadaBoost Price TargetOutperformC$50.00 ➝ C$63.00
8/30/2021CIBCReiterated RatingOutperformC$20.00
8/20/2021Tudor PickeringReiterated RatingHoldC$48.50
8/3/2021Raymond JamesBoost Price TargetOutperformC$55.00
7/30/2021TD SecuritiesBoost Price TargetBuyC$68.50
7/30/2021CIBCReiterated RatingOutperformC$20.00
7/28/2021Tudor PickeringReiterated RatingHoldC$48.00
7/19/2021TD SecuritiesBoost Price TargetBuyC$68.00
7/19/2021UBS GroupReiterated RatingSellC$26.00
7/19/2021Royal Bank of CanadaReiterated RatingOutperformC$50.00
7/7/2021Raymond JamesBoost Price TargetOutperformC$64.50
6/29/2021Tudor PickeringBoost Price TargetHoldC$47.00
6/29/2021Royal Bank of CanadaReiterated RatingOutperformC$61.50
6/1/2021Tudor PickeringReiterated RatingHoldC$46.00
6/1/2021Royal Bank of CanadaUpgradeOutperformC$55.00 ➝ C$60.00
4/30/2021TD SecuritiesReiterated RatingBuyC$62.50
4/30/2021Tudor PickeringReiterated RatingSector PerformC$55.00
4/29/2021Raymond JamesBoost Price TargetOutperformC$62.00
4/29/2021Royal Bank of CanadaReiterated RatingSector PerformC$55.00
3/31/2021Royal Bank of CanadaReiterated RatingSector PerformC$57.00
3/31/2021Tudor Pickering & HoltReiterated RatingHold
3/25/2021Tudor PickeringReiterated RatingHold
3/25/2021Tudor Pickering & HoltReiterated RatingHold
2/24/2021Tudor Pickering & HoltReiterated RatingHold
1/29/2021Raymond JamesReiterated RatingOutperformC$55.00
1/28/2021Royal Bank of CanadaReiterated RatingSector PerformC$50.00
1/27/2021Tudor Pickering & HoltReiterated RatingHoldC$49.00 ➝ C$38.00
11/30/2020National Bank FinancialBoost Price TargetOutperformC$48.00
7/15/2020Tudor Pickering & HoltReiterated RatingSell
6/25/2020Tudor PickeringReiterated RatingSell
6/25/2020Tudor Pickering & HoltReiterated RatingSell
4/24/2020Tudor Pickering & HoltSet Price TargetHoldC$21.00
3/27/2020Tudor PickeringReiterated RatingHoldC$21.00
3/27/2020Tudor Pickering & HoltSet Price TargetHoldC$21.00
10/9/2019Tudor Pickering & HoltReiterated RatingHold
7/2/2019BMO Capital MarketsLower Price TargetOutperformC$70.00 ➝ C$65.00
7/27/2018Sanford C. BernsteinLower Price TargetC$44.64 ➝ C$44.44
7/23/2018Sanford C. BernsteinBoost Price TargetC$91.36C$43.68 ➝ C$44.64
5/23/2018BMO Capital MarketsReiterated RatingOutperformC$80.00
4/26/2018Sanford C. BernsteinBoost Price TargetC$42.95 ➝ C$43.68
4/20/2018Sanford C. BernsteinBoost Price TargetC$42.76 ➝ C$42.95
4/12/2018Sanford C. BernsteinLower Price TargetC$43.86 ➝ C$42.76
4/9/2018BMO Capital MarketsReiterated RatingOutperformC$72.00
2/2/2018BMO Capital MarketsSet Price TargetOutperformC$72.00
1/29/2018Sanford C. BernsteinLower Price TargetC$46.43 ➝ C$41.89
12/19/2017TD SecuritiesBoost Price TargetBuyC$85.00
10/31/2017Raymond JamesDowngradeOutperform ➝ Market PerformC$77.00
10/27/2017TD SecuritiesBoost Price TargetBuyC$75.50
10/27/2017Royal Bank of CanadaBoost Price TargetSector PerformC$73.00
10/26/2017ScotiabankReiterated RatingSector PerformC$68.00
10/18/2017ScotiabankReiterated RatingSector PerformC$67.00
9/18/2017BMO Capital MarketsReiterated RatingOutperformC$57.00
(Data available from 8/11/2017 forward)

News Sentiment Rating

0.05 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/13/2022
  • 2 very positive mentions
  • 12 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
2/12/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/14/2022
  • 0 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/13/2022
  • 2 very positive mentions
  • 10 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
5/13/2022
  • 3 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
6/12/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/12/2022
  • 1 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
8/11/2022

Current Sentiment

  • 1 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Very Positive

Methanex logo
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.
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Today's Range

Now: C$48.53
Low: C$47.94
High: C$48.71

50 Day Range

MA: C$51.95
Low: C$44.85
High: C$67.19

52 Week Range

Now: C$48.53
Low: C$37.85
High: C$71.63

Volume

38,683 shs

Average Volume

226,471 shs

Market Capitalization

C$3.41 billion

P/E Ratio

5.49

Dividend Yield

1.92%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Methanex?

The following equities research analysts have issued reports on Methanex in the last year: Alembic Global Advisors, Barclays PLC, BMO Capital Markets, CIBC, Jefferies Financial Group Inc., Piper Sandler, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, Tudor Pickering, Tudor Pickering & Holt, and UBS Group AG.
View the latest analyst ratings for MX.

What is the current price target for Methanex?

13 Wall Street analysts have set twelve-month price targets for Methanex in the last year. Their average twelve-month price target is C$54.77, suggesting a possible upside of 15.6%. TD Securities has the highest price target set, predicting MX will reach C$75.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of C$36.00 for Methanex in the next year.
View the latest price targets for MX.

What is the current consensus analyst rating for Methanex?

Methanex currently has 2 sell ratings, 6 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MX, but not buy more shares or sell existing shares.
View the latest ratings for MX.

What other companies compete with Methanex?

Other companies that are similar to Methanex include Canfor, Pretium Resources, Domtar, Alacer Gold and Linamar. Learn More about companies similar to Methanex.

How do I contact Methanex's investor relations team?

Methanex's physical mailing address is 1800-200 Burrard St, VANCOUVER, BC V6C 3M1, Canada. The company's listed phone number is +1-604-6612600. The official website for Methanex is www.methanex.com. Learn More about contacing Methanex investor relations.