03:31:10 EDT Tue 09 Jun 2026
Enter Symbol
or Name
USA
CA



Methanex Corp
Symbol MX
Shares Issued 77,364,263
Close 2026-05-01 C$ 87.36
Market Cap C$ 6,758,542,016
Recent Sedar+ Documents

Globe says RBC's Ng keeps Methanex at "sector perform"

2026-05-01 06:12 ET - In the News

The Globe and Mail reports in its Friday, May 1, edition that RBC Capital Markets analyst Nelson Ng has reaffirmed his "sector perform" recommendation for Methanex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ng gave his share target a $5 boost to $70 (all figures U.S.). Analysts on average target the shares at $68. Mr. Ng says in a note: "Methanex is poised to realize a very strong Q2/26 as elevated methanol prices hit the bottom line. Based on the company s May 2026 non-discounted methanol price, we estimate that the company would generate roughly $1.70/ share of FCF/month ($1.6-billion annualized), which would mainly be allocated to debt reduction, and potentially some share buybacks. However, the main uncertainty is when the Iran conflict will be resolved, and the time it takes for methanol prices to normalize. We increased our share target to mainly reflect higher methanol prices through 2026." The Globe reported on Jan. 6 and Feb. 3 that Mr. Ng continued to rate Methanex "outperform." The shares could then be had for $59.11 and $49.31. The Globe reported on March 3 that Mr. Ng had downgraded Methanex to "sector perform." The shares were then going for $51.17.

© 2026 Canjex Publishing Ltd. All rights reserved.