Methanex Corporation's stock has increased by 6.1% over the past week, closing at C$89.10. This rise follows key developments in the nitrogen market, especially the indefinite shutdown of Nutrien's Trinidad operations, which could affect supply dynamics. Over the past month, Methanex's stock has gained 6.34%, and it has seen a significant year-to-date increase of 59.22%.
Investor takeaway: Methanex's stock performance reflects changing conditions in the nitrogen market and potential growth opportunities.
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Methanex Corporation
MX.TO
MX.TO
Methanex Corporation
WealthAwesomeMarket cap
$6.67B
P/E
61.6x
Div. yield
0.85%
Div. / share
$0.74
52W high
$92.40
52W low
$44.36
1W change
+6.07%
Beta
0.98
Analyst Price Targets
Based on analyst covering MX · as of Sep 17, 2026
Wall Street analysts forecast MX stock price to rise 3.5% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$91.33
+3.5% Upside
Current Price
C$88.24
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MX's historical volatility
30-Day Vol
30.1%
Annualized
90-Day Vol
40.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$105.49
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$93.65 | C$84.42 – C$103.89 |
| 60 trading days | C$99.40 | C$85.83 – C$115.10 |
| 90 trading days | C$105.49 | C$88.14 – C$126.26 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Methanex's stock is up 6.1% this week.
The stock has shown a year-to-date increase of 59.22%, indicating strong performance over the longer term.
Bull case
The shutdown of Nutrien's operations might boost demand for Methanex's products, which could strengthen its market position and profitability.
Bear case
Despite the recent gains, analysts warn that Methanex's stock may be fully priced, suggesting limited upside potential in the near term.
Stock Performance Overview
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This week, Methanex Corporation's stock increased by 6.1%, closing at C$89.10. The stock saw a daily rise of 2.27%, contributing to a weekly performance that outpaced its average trading volume. The latest trading session recorded 15,301 shares exchanged, below the 20-day average volume of 298,936 shares, indicating lower trading activity than usual. Methanex's stock is currently at 93% of its 52-week range, which spans from C$44.36 to C$92.40.
Market Context and Recent Developments
The recent price increase is partly due to Nutrien's announcement to indefinitely shut down its Trinidad nitrogen operations. This news could create opportunities for Methanex to capture additional market share in the nitrogen sector, potentially increasing demand for its products. With a P/E ratio of 61.63 and a profit margin of 2.1%, investors are closely watching how these market changes might impact Methanex's financial performance moving forward.
What to Watch Moving Forward
Investors will be monitoring how Methanex adapts to changes in the nitrogen market following Nutrien's shutdown. The average analyst target for Methanex's stock is C$91.33, suggesting a modest potential increase of 2.5% from the last closing price. Analysts also caution that Methanex's stock may be fully priced, indicating that while the company has seen significant gains this year, future upside might be limited. These insights will be crucial for investors considering their positions in the stock.
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