Methanex ( (TSE:MX) ) has issued an announcement.
On May 1, 2025, Methanex Corporation announced the successful restart of its Geismar 3 methanol plant in Louisiana, which had been offline due to an unplanned outage since late February. This development marks a significant recovery for Methanex, reinforcing its position in the methanol industry and ensuring continued supply to its stakeholders.
Spark’s Take on TSE:MX Stock
According to Spark, TipRanks’ AI Analyst, TSE:MX is a Neutral.
Methanex’s overall score of 65 reflects its stable financial position and positive earnings call sentiment, indicating strong cash flow and operational improvements. However, technical analysis shows bearish trends, and challenges in gas supply could affect future performance. Valuation remains attractive, providing some support to the stock.
To see Spark’s full report on TSE:MX stock, click here.
More about Methanex
Methanex Corporation, based in Vancouver, Canada, is the world’s largest supplier of methanol. The company is publicly traded on the Toronto Stock Exchange under the symbol ‘MX’ and on the Nasdaq Stock Market under ‘MEOH’.
YTD Price Performance: -37.04%
Average Trading Volume: 558,400
Technical Sentiment Signal: Buy
Current Market Cap: $2.11B
For an in-depth examination of MX stock, go to TipRanks’ Stock Analysis page.