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Methanex - MX Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$50.00
  • Forecasted Upside: -23.36%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$65.24 As of 04/25/2024 01:00 AM ET
▼ -0.11 (-0.17%)

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$50.00
▼ -23.36% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for Methanex in the last 3 months. The average price target is C$50.00, with a high forecast of C$50.00 and a low forecast of C$50.00. The average price target represents a -23.36% upside from the last price of C$65.24.

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 Moderate Buy

The current consensus among 2 polled investment analysts is to moderate buy stock in Methanex. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/27/2023ScotiabankUpgradeSector Perform ➝ Sector Outperform
6/2/2023Royal Bank of CanadaLower TargetSector PerformC$55.00 ➝ C$50.00
3/1/2023Royal Bank of CanadaBoost TargetSector PerformC$50.00 ➝ C$55.00
8/2/2022BarclaysLower TargetBuyC$52.00
7/13/2022UBS GroupLower 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 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 TargetHoldC$44.00
12/16/2021Tudor PickeringReiterated RatingHoldC$56.00
11/23/2021Tudor PickeringBoost 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 TargetOutperformC$77.00
9/30/2021TD SecuritiesBoost TargetBuyC$75.00
9/30/2021Royal Bank of CanadaBoost TargetOutperformC$76.00
9/27/2021Tudor PickeringBoost TargetHOLDC$61.00
9/20/2021ScotiabankUpgradeBuyC$50.00
9/15/2021Raymond JamesBoost TargetOutperformC$72.00
9/7/2021Jefferies Financial GroupInitiated CoverageBuyC$54.00
9/7/2021BarclaysUpgradeBuyC$53.00
9/1/2021Royal Bank of CanadaBoost TargetOutperformC$50.00 ➝ C$63.00
8/30/2021CIBCReiterated RatingOutperformC$20.00
8/20/2021Tudor PickeringReiterated RatingHoldC$48.50
8/3/2021Raymond JamesBoost TargetOutperformC$55.00
7/30/2021TD SecuritiesBoost TargetBuyC$68.50
7/30/2021CIBCReiterated RatingOutperformC$20.00
7/28/2021Tudor PickeringReiterated RatingHoldC$48.00
7/19/2021TD SecuritiesBoost TargetBuyC$68.00
7/19/2021UBS GroupReiterated RatingSellC$26.00
7/19/2021Royal Bank of CanadaReiterated RatingOutperformC$50.00
7/7/2021Raymond JamesBoost TargetOutperformC$64.50
6/29/2021Tudor PickeringBoost 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 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 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 TargetHoldC$21.00
3/27/2020Tudor PickeringReiterated RatingHoldC$21.00
3/27/2020Tudor Pickering & HoltSet TargetHoldC$21.00
10/9/2019Tudor Pickering & HoltReiterated RatingHold
7/2/2019BMO Capital MarketsLower TargetOutperformC$70.00 ➝ C$65.00
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.77 (Buy)

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
  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 1 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 0 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 2 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/25/2024
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Methanex logo
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. 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.
Read More

Today's Range

Now: C$65.24
Low: C$63.66
High: C$69.85

50 Day Range

MA: C$61.85
Low: C$56.18
High: C$69.60

52 Week Range

Now: C$65.24
Low: C$50.57
High: C$69.85

Volume

284,526 shs

Average Volume

97,168 shs

Market Capitalization

C$4.40 billion

P/E Ratio

18.64

Dividend Yield

1.48%

Beta

1.94

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: Royal Bank of Canada, and Scotiabank.
View the latest analyst ratings for MX.

What is the current price target for Methanex?

1 Wall Street analysts have set twelve-month price targets for Methanex in the last year. Their average twelve-month price target is C$50.00, suggesting a possible downside of 23.4%. Royal Bank of Canada has the highest price target set, predicting MX will reach C$50.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$50.00 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 1 hold rating and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for MX.

What other companies compete with Methanex?

Other companies that are similar to Methanex include Lundin Gold, Stella-Jones, B2Gold, Eldorado Gold and Osisko Gold Royalties. 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.