$MEOH

Methanex (MX) reports Q3 earnings Wednesday, with analysts expecting $2.83 EPS on $1.29B revenue, down sequentially but up year-over-year. Methanol pricing and production execution are key focuses. UBS, CIBC, and Raymond James recently raised price targets. Shares closed at $64.34, near their 52-week high.

Methanex Corporation (MEOH) shares have surged 58.8% year-to-date, outperforming its industry. The company's North American production capacity expansion, OCI integration benefits, and deleveraging efforts are driving growth. MEOH's Geismar platform set a record output in Q2 2026, and the company aims for 4 million tons of annual production. Management is targeting a leverage ratio of 2X to 2.5X. MEOH has a Zacks Rank of #2 (Buy).

Raymond James increased its price target for Methanex Corp. to $72.00 from $65.00, citing stronger methanol pricing due to U.S.-Iran tensions and Middle East supply issues. The firm raised its third-quarter 2026 price forecast to $493 per metric ton and expects improved free cash flow. However, it noted demand destruction in China's methanol sector and potential normalization of Middle East exports. The stock is rated Market Perform.

RBC analyst Paul Treiber raised Shopify's (SHOP) price target to $200, citing strong growth data. National Bank analysts upgraded AGT Food (AGTF) and Methanex (MEOH) with higher price targets. Raymond James cut targets for Canadian P&C insurers Definity (DFY), Fairfax (FFH), Intact (IFC), and Trisura (TSU). Scotiabank initiated Aritzia (ATZ) with a sector outperform rating and $175 target.

Methanex (MEOH) plans to repay $300M of its 5.125% senior notes due in 2027, citing strong cash flow and favorable methanol market conditions. The company generated $439M in operating cash flow in Q2, with $383M in cash and $400M in unused credit facilities as of June 30. The repayment will reduce interest obligations but may impact liquidity.

Methanex (MX) stock rose 2.5% to CA$85.39, defying broader market declines, following a US$300 million debt redemption. CEO Rich Sumner cited strong methanol market conditions. UBS maintained a Buy rating, and Q2 2026 results showed record production and robust EBITDA. A dividend of US$0.185 per share is due September 30.

M&G Investment Management Limited reported a 15.30% stake in Methanex (MEOH), owning 11,834,166 shares. The firm acquired the shares believing they were undervalued and plans to engage with management on strategy, potentially increasing its stake or seeking changes to boost shareholder value.

Methanex, a Canadian company and New Zealand's largest gas user, will close its plant and sell its gas contracts due to insufficient supply. The move will impact around 200 employees and the local economy, but the plant may be reactivated if future gas supplies become available. Genesis Energy has secured additional gas supplies, and political parties debate the government's energy policies.

Methanex will sell its New Zealand gas entitlements and indefinitely idle its Taranaki plant by Q1 2027 due to declining gas availability. The company employs 300 people and exports 95% of its methanol production. Genesis Energy secured extra gas supplies through 2029, including 11.4 PJ from a third party and 8.6 PJ from Beach Energy, subject to approval.

Methanex will close its New Zealand plant in 2027, citing unsustainability. The company sold its gas entitlements to Genesis Energy. This decision impacts Methanex's operations and local energy markets.