Methanex Corporation

MX

CA59151K1084

Commodity Chemicals

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
65.96 ^CAD	+1.10%		+0.05%	+5.23%

Apr. 26	Methanex Price Target Raised to US$50 at RBC	MT
Apr. 25	Methanex Corporation Approves Appointment of Roger Perreault to its Board of Directors	CI

Methanex Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

January 31, 2024 at 05:05 pm EST

Methanex Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 3,723.48 million compared to USD 4,311.19 million a year ago. Net income was USD 174.14 million compared to USD 353.83 million a year ago.

Basic earnings per share from continuing operations was USD 2.57 compared to USD 4.95 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 4.86 a year ago.

Latest news about Methanex Corporation

Methanex Price Target Raised to US$50 at RBC	Apr. 26	MT
Methanex Corporation Approves Appointment of Roger Perreault to its Board of Directors	Apr. 25	CI
RBC Capital Markets Maintains Methanex's Sector Perform Rating, US$45 Price Target, After In-Line Q1 Results	Apr. 25	MT
UBS Adjusts Methanex Price Target to $62 From $59, Maintains Buy Rating	Apr. 25	MT
Transcript : Methanex Corporation, Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Methanex Corporation Declares Quarterly Cash Dividend, Payable on June 28, 2024	Apr. 24	CI
Methanex Up 2.2% After Hours as its Q1 Profit Falls 42% on Lower Prices and Production, But Tops Estimates	Apr. 24	MT
Methanex Brief: Says Work is "Progressing" to safely repair the Geismar 3 Plant and Co believes Plant is "On Track" to start up in the third quarter of 2024	Apr. 24	MT
Methanex Brief: Q1 Net income attributable to Methanex shareholders of US$53 million	Apr. 24	MT
Methanex Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Methanex Brief: Renewing and Adding New Tranche to Revolving Credit Facility	Apr. 24	MT
Methanex Corporation Updates Production Guidance for the Year 2024	Apr. 24	CI
Methanex Corporation Renews and Adds New Tranche to Revolving Credit Facility	Apr. 24	CI
Methanex Maintained at Buy at TPH as Methanol Prices Rise; Price Target at US$52.00	Apr. 24	MT
North American Morning Briefing : Tesla Surges, More Big-Tech Earnings in Spotlight	Apr. 24	DJ
Methanex Keeps Sector-Perform Rating, US$45 Price Target, From RBC Capital Markets	Apr. 23	MT
UBS Trims Methanex's Price Target to $59 From $60, Maintains Buy Rating	Apr. 08	MT
RBC Capital Markets Updates Estimates For Methanex	Apr. 03	MT
Methanex Maintained at Buy at TPH; Price Target Kept at US$52.00	Apr. 03	MT
Methanex Releases 2023 Sustainability Report	Mar. 08	MT
Fitch Affirms Methanex Rating	Mar. 04	MT
RBC Capital Markets Cuts Adjusted EBITDA Estimates For Methanex	Mar. 01	MT
Methanex Maintained at Buy at TPH as March Methanol Prices Rise; Price Target Kept at US$52.00	Feb. 28	MT
Moody's Methanex's Announcement Regarding Geismar 3 is Credit Negative	Feb. 26	MT
Methanex Maintained at Buy at TPH as the Geismar 3 Methanol Plant Has Start-Up Problems; Price Target Cut to US$52.00	Feb. 21	MT

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Company Profile

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets. The Company supplies methanol to international markets in North America, Asia Pacific, Europe, and South America. Its operations consist of the production and sale of methanol, a commodity chemical. It operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States. It has three plants in New Zealand, Motunui 1, Motunui 2 and Waitara Valley. Its two plants in Geismar serve customers in methanol markets. It has two plants in Trinidad, Titan and Atlas that supplies methanol to various methanol markets. Its Chile production site supplies methanol to customers in South America and Asia Pacific, having two plants in Chile, Chile I and Chile IV. Its Egypt plant is located on the Mediterranean Sea and primarily supply methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.

Sector

Commodity Chemicals

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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Ratings for Methanex Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

48.18 USD

Average target price

53.5 USD

Spread / Average Target

+11.03%

Consensus

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Quarterly earnings - Rate of surprise

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