Methanex (TSE:MX) Insider Buys C$3,484,400.00 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Sunil Jagwani bought 40,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of C$87.11 per share, for a total transaction of C$3,484,400.00. Following the completion of the purchase, the insider directly owned 2,485,000 shares of the company’s stock, valued at C$216,468,350. The trade was a 1.64% increase in their position.

Sunil Jagwani also recently made the following trade(s):

• On Thursday, May 7th, Sunil Jagwani bought 40,100 shares of Methanex stock. The stock was bought at an average price of C$84.56 per share, for a total transaction of C$3,390,856.00.
• On Thursday, May 7th, Sunil Jagwani bought 41,000 shares of Methanex stock. The stock was bought at an average price of C$84.00 per share, for a total transaction of C$3,444,000.00.
• On Monday, May 4th, Sunil Jagwani bought 31,900 shares of Methanex stock. The stock was bought at an average price of C$88.94 per share, for a total transaction of C$2,837,186.00.
• On Monday, May 4th, Sunil Jagwani bought 32,000 shares of Methanex stock. The stock was purchased at an average price of C$88.15 per share, with a total value of C$2,820,800.00.

Methanex Price Performance

TSE MX opened at C$82.13 on Friday. Methanex Co. has a 52 week low of C$43.27 and a 52 week high of C$92.97. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. The stock has a market cap of C$6.35 billion, a price-to-earnings ratio of -112.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65. The company has a 50-day moving average price of C$81.76 and a two-hundred day moving average price of C$67.36.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its earnings results on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.The firm had revenue of C$1.28 billion during the quarter. Analysts forecast that Methanex Co. will post 5.9482927 EPS for the current year.

Key Headlines Impacting Methanex

Here are the key news stories impacting Methanex this week:

• Positive Sentiment: Zacks Research raised earnings estimates for Methanex across several periods, including a much higher FY2026 EPS forecast, along with increases for Q2 2026, Q3 2026, Q2 2027, Q3 2027, FY2027, and FY2028. Higher profit expectations can be a positive catalyst for the stock. Methanex analyst estimate updates
• Positive Sentiment: Insider Sunil Jagwani bought 40,000 Methanex shares at C$87.11, adding to recent purchases earlier in May. Insider buying often signals management confidence in the company’s outlook. Methanex insider purchase
• Neutral Sentiment: Despite the favorable estimate revisions, Zacks also trimmed some longer-dated earnings forecasts, including Q4 2027 and Q1 2028, which suggests expectations are still uneven further out. Methanex mixed forecast revisions
• Negative Sentiment: Other analysts have recently been more cautious on Methanex, with prior downgrades to “hold” from Royal Bank of Canada and CIBC, indicating not all analysts are turning more bullish. Methanex analyst downgrades

Analysts Set New Price Targets

MX has been the topic of several recent analyst reports. Royal Bank Of Canada downgraded Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Canadian Imperial Bank of Commerce lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$50.00.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.