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Methanex Corporation (MX.TO) is experiencing a significant uptick, closing the last trading session up 3.86%.
In a market where Basic Materials stocks are showing mixed results, Methanex stands out with a notable gain of 3.86% in the last session. This rise is due to a combination of positive earnings outlooks and strong demand for methanol, which is essential for the company's operations.
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Methanex Corporation
MX.TO
MX.TO
Methanex Corporation
WealthAwesomeMarket cap
$6.75B
P/E
71.5x
Div. yield
0.85%
Div. / share
$0.74
52W high
$92.66
52W low
$44.49
1W change
+6.13%
Beta
0.87
Analyst Price Targets
Based on analyst covering MX
Wall Street analysts forecast MX stock price to rise 5.2% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$91.33
+5.2% Upside
Current Price
C$86.79
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MX's historical volatility
30-Day Vol
36.9%
Annualized
90-Day Vol
42.1%
Annualized
Trend (90d)
+40.7%
Annualized drift
90d Mean
C$100.36
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$91.10 | C$80.21 โ C$103.45 |
| 60 trading days | C$95.61 | C$79.87 โ C$114.46 |
| 90 trading days | C$100.36 | C$80.51 โ C$125.10 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider Methanex's strong performance compared to its peers in the Basic Materials sector and the positive analyst sentiment regarding its earnings potential.
CA$83.44: Methanex's Real-Time Close
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With a market cap of CA$6.22 billion, Methanex's stock has delivered an impressive 57.5% return year-to-date, significantly outperforming the Basic Materials sector average of 16.7%.
Bull case
Methanex's recent earnings estimates have increased by 63% over the past three months, showing a positive shift in analyst sentiment. With a Zacks Rank of #1 (Strong Buy), the outlook for Methanex looks promising, especially as it outperforms the average gains in the Basic Materials sector.
Bear case
Despite this positive momentum, Methanex faces risks related to gas supply constraints and potential pricing shifts that could affect its margins and production levels. Investors should be aware of these underlying risks.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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