Joel Jackson, an analyst from BMO Capital, reiterated the Buy rating on Methanex. The associated price target is $65.00.
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Joel Jackson has given his Buy rating due to a combination of factors tied to Methanex’s cash generation and valuation. He expects robust free cash flow of about $8 per share this year, rising to roughly $9 per share next year, supported by a mid‑cycle methanol price framework and potential price strength in the near term.
He also values the stock at a reasonable multiple of projected 2026–2027 EBITDA, noting that the current share price does not fully reflect upside from cost improvements and the tighter methanol market. Despite some near‑term operational and cost headwinds, he views the risk/reward as skewed positively, further reinforced by anticipated share buybacks and a solid balance sheet.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $55.00 price target.