10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts

1. Methanex Corp. (NASDAQ:MEOH)

Forward P/E Ratio as of April 21: 6.5

Number of Hedge Fund Holders: 27

Average Upside Potential as of April 21: 96.15%

Methanex Corp. (NASDAQ:MEOH) produces and supplies methanol in Asia Pacific, North America, Europe, and South America. It owns and leases storage and terminal facilities. The company serves chemical and petrochemical producers.

In Q4 2024, the company achieved produced sales of ~1.5 million tons of methanol at an average realized price of $370 per ton. This resulted in an adjusted EBITDA of $224 million for the quarter. For the full year of 2024, Methanex’s produced sales totaled ~6 million tons, with an average realized price of $355 per ton, generating an adjusted EBITDA of $764 million.

The company’s performance in the Methanol Production and Sales segment is influenced by global methanol pricing and market dynamics. In Q4 2024, tight market conditions in both the Atlantic and Pacific basins led to an increased methanol pricing environment, which continued into 2025. Methanex’s global average realized price of $370 per metric ton in Q4 was sequentially $14 higher. This strength persisted into Q1 2025, with European posted prices increasing significantly.

While we acknowledge the growth potential of Methanex Corp. (NASDAQ:MEOH), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MEOH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.