Methanex Stock Outperforms Basic Materials Sector With 33.9% Year-to-Date Gain

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Summary · why it matters

Methanex has returned about 33.9% since the start of the calendar year, outperforming the Basic Materials sector's average return of 13.5%. The company currently holds a Zacks Rank of 2, or Buy, and its full-year consensus earnings estimate has risen 128.4% over the past quarter. Another Basic Materials stock, Materion, has gained 121.2% year-to-date and also carries a Zacks Rank of 2. Within the sector, Methanex belongs to the Chemical - Diversified industry, which has returned an average of 21.6% so far this year, while Materion's Mining - Miscellaneous industry has returned 24.1%.

Impact on assets 2

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Methanex Corporation
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Article reports stock's year-to-date gain and Zacks Rank, but no company-specific news; only performance and analyst rating.

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