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Scotiabank Remains a Buy on Methanex (MEOH)

Tipranks - Tipranks - Fri Jun 19, 7:42AM CDT

Scotiabank analyst Ben Isaacson maintained a Buy rating on Methanex today and set a price target of $80.00.

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According to TipRanks, Isaacson is a 4-star analyst with an average return of 7.8% and a 50.23% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Cf Industries Holdings, and Sociedad Quimica Y Minera SA.

In a report released on June 11, BMO Capital also reiterated a Buy rating on the stock with a $75.00 price target.

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Based on Methanex’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$973.72 million and a GAAP net loss of C$13.4 million. In comparison, last year the company earned a revenue of C$896.47 million and had a net profit of C$111.29 million

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