TSE:X

TMX Group (X.TO)

50.25
-0.43 (0.85%)
as of Jul 16, 2026, 8:00:00 pm Market Open.
83 watching
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Investor Insights
star iconJul 16, 2026, 12:00 am

This summary was created by AI, based on 22 opinions in the last 12 months.

TMX Group, the operator of the TSX and other trading platforms, has seen a pullback in its stock price due to market fears surrounding competition from prediction markets and a drop in commodity prices. Despite recent selling pressure, many analysts highlight the long-term potential of TMX due to its unique positioning in the financial industry, strong recurring revenue from data analytics, and a solid history of dividend growth. Management has been actively diversifying its revenue streams, and acquisitions such as Cboe and VettaFi are expected to drive future growth. The stock currently trades at a reasonable valuation relative to its earnings, making it an intriguing option for value-oriented investors looking for exposure to the Canadian capital markets.

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Consensus
Buy
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Valuation
Undervalued
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Similar
CME
TOP PICK
A recent purchase. It has pulled back because of long term concern over their holding on to their share of the market. But the TSX will remain the preferred exchange. Their derivative trade is expanding. Good dividend that is well covered.
HOLD
Used to be a favourite but sold it last year because of competition from alternative trading systems, which were too strong for them. Dividend yield of well over 5%.
DON'T BUY
Have its problems, not least of which are the banks that are muscling in and handling trades on their own. This also goes up and down with the stock market. Not particularly cheap.
HOLD
Performance has been dismal but looking out 3 years, and looking at better markets, it will participate in the higher trading volumes and revenue producing activities. Yield of 5.07%.
PAST TOP PICK
(Top Pick Mar 23/09, Down 10.99%)
BUY
Longer term there is going to be an increase in the number of trading systems, but there will be great long-term growth in the industry due to global exposure as foreign investment in Canada increases. They may snap up some of these alternative systems.
HOLD
Market share loss from competitive stress. Trying to diversify their business. It will eventually pay off but not in the short term. It’s a strong cash flow generating company.
SELL
He is finding that less than 50%, sometimes only 25% of his trades are going through this exchange. Recently cut its listing fees. Neither of these things is good for the stock.
BUY
The monopoly is going away. Big traders are trading off-market to save fees. Likes business. Recommends sticking with it.
DON'T BUY
(Market call minute) High Quality, but it’s not being bought.
DON'T BUY
Recently signed some agreements – are trying to diversify. They are loosing market share to competitors such as Alpha. They are down from 97% to under 80% market share, which concerns him. But they are trading at a significant discount at present. There could be a bounce short term.
TOP PICK
Canada has what the world needs. In the environment we are heading, more and more money will enter the country. As asset location of global pension funds shift to increase the level of hard assets, this TSX will benefit. 5% dividend yield. Undervalued.
BUY
Yield of over 5%. Losing market share to electronic exchanges but they are making it up on volume, which is exploding.
COMMENT
Convinced we will have a double dip and there will be a selloff before we go higher. Won't go higher in a hurry but will be a long, slow, grinding recovery.
BUY
Thinks the market is in a bull phase and we are currently in a corrective phase. This sideways consolidation could last a few months. This company makes money through volumes.
Showing 136 to 150 of 368 entries