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Scotiabank Sticks to Its Buy Rating for Methanex (MEOH)

Tipranks - Tipranks - Tue Jan 6, 6:56AM CST

Scotiabank analyst Ben Isaacson maintained a Buy rating on Methanex today and set a price target of $48.00.

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Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Mosaic Co, and Sociedad Quimica Y Minera SA. According to TipRanks, Isaacson has an average return of 5.8% and a 49.22% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Methanex with a $49.67 average price target.

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Based on Methanex’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$917.15 million and a GAAP net loss of C$6.99 million. In comparison, last year the company earned a revenue of C$934.8 million and had a net profit of C$31.07 million

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