03:52:45 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Methanex Corp
Symbol MX
Shares Issued 67,395,212
Close 2025-01-31 C$ 75.79
Market Cap C$ 5,107,883,117
Recent Sedar Documents

Globe says BMO's Jackson keeps Methanex at "outperform"

2025-01-31 08:18 ET - In the News

The Globe and Mail reports in its Friday, Jan. 31, edition that BMO Capital Markets analyst Joel Jackson is sticking with his "outperform" recommendation for Methanex. The Globe's David Leeder writes that Mr. Jackson gave his share target a $5 boost to $65 (all figures U.S.). Analysts on average target the shares at $63.06. Mr. Jackson says in a note: "Methanol is tight, the OCI deal seems accretive, consensus estimates are rising, and Methanex is operating well (ex deteriorated gas conditions in New Zealand). Above-consensus 2025E estimates remain generally intact with tweaks, but we are becoming more comfortable pro forma post OCI. FCF is $10 per share, as opposed to $9, even assuming methanol prices fall from $400/t realized (i.e. spot) to more mid-cycle averages (i.e. $350/t)." The Globe reported on April 26 that RBC rated Methanex "sector perform." It was then worth $48.27. The Globe reported on Sept. 12 that Raymond James analyst Steve Hansen was comfortable sticking with his "outperform" ranking for Methanex. The shares could then be had for $37.39. The Globe reported on Dec. 11 that CIBC World Markets had reaffirmed its "outperformer" recommendation for Methanex. The shares could then be had for $47.09.

© 2025 Canjex Publishing Ltd. All rights reserved.