Methanex (TSE:MX) Sets New 12-Month Low – Here’s What Happened

Posted by Ethan Ryder on Apr 3rd, 2025

Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as C$49.09 and last traded at C$49.12, with a volume of 84198 shares trading hands. The stock had previously closed at C$50.46.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Scotiabank cut Methanex from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

View Our Latest Stock Analysis on MX

Methanex Stock Performance

The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. The stock has a fifty day moving average price of C$62.10 and a two-hundred day moving average price of C$62.16. The company has a market cap of C$2.09 billion, a P/E ratio of 13.76, a PEG ratio of 0.44 and a beta of 1.79.

Insiders Place Their Bets

In related news, Senior Officer Kevin Maloney acquired 1,400 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of C$53.55 per share, for a total transaction of C$74,969.02. Also, Director Karine Delbarre bought 1,081 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of C$53.07 per share, for a total transaction of C$57,368.72. 0.35% of the stock is currently owned by insiders.

Methanex Company Profile

(Get Free Report)

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.