TSE:X

TMX Group (X.TO)

49.56
+0.49 (1.00%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 15 opinions in the last 12 months.

TMX Group, operating the Montreal Exchange and other trading platforms, is viewed favorably by analysts due to its unique positioning within the financial industry. Acquisitions, including CBOE Canada, have reinforced its market presence, particularly in the mining sector, where it holds significant trade volumes. Despite concerns over potential AI disruptions, experts believe TMX's core operations and data analytics segments will continue to generate steady revenue and dividends. Analysts project upside potential in share price, underpinned by consistent historical growth in dividends and a robust balance sheet, making it an appealing prospect for long-term holders as it navigates current market challenges.

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Consensus
Buy
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Valuation
Fair Value
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CME
TOP PICK
Merger of the Toronto Stock Exchange and the Montreal Exchange still has a lot of synergies to be realized. Very good dividend that is safe. Have a lot of cash and cash flow is very good. If this is a new bull market you will get a lot of new listings and increased volumes.
TOP PICK
(A Top Pick Feb 1/08. Down 34.1%.) Merger with the Montreal exchange was a good move. All the other exchanges in North America are getting hammered but this one is doing well.
DON'T BUY
Thinks the merger with the Montreal Stock exchange is a good one. Will bear fruit in the future. Issue facing this company is competition from alternative trading platforms and doesn't think this has been fully reflected in the stock price. Would be cautious until you see a turn in the market.
TOP PICK
(A Top Pick Feb 1/08. Down 36.8%.) Good proxy for the market. Oversold. Seems to have bottomed out and wants to have higher. Likes management.
SELL
(Market Call Minute.) Considered as a financial and not in a great environment.
TOP PICK
This has been a sentiment driven market. Anything could work out over the next little bit. Toronto Stock Exchange, options business and commodities business they have is well positioned. What ever works out in the Canadian market, this is a wonderful proxy for that.
HOLD
Although volatility and volumes help them, historically things flat line and are quiet for some time after. This would be bad for them. There will likely be pressure to reduce costs for some transactions. Likes it for the long haul.
HOLD
Little bit of risk from the new trading platform, but reasonable valuation.
BUY ON WEAKNESS
TSX exchange itself. Merging with Montreal. Listing revenue is amortized over a period of time. They sell a lot of data. People slow down trading in this kind of Market. There will be a margin issue in a couple of years.
TOP PICK
Not brave enough for the banks yet but wanted to get a foot into the financials. Thinks that volumes are going to be good on the exchanges over the next while. Will benefit from this and cost savings from their merger with the Montreal exchange. 4.5% yield.
TOP PICK
Everybody hates it because of competition coming, being in a bear market (fewer listings), etc. Ridiculously cheap. Huge ROE and a great yield. Everybody is asking about financials. If you want to own financials buy this one that has no credit risk as opposed to bottom fishing for banks. They are buying back stocks.
DON'T BUY
(Market Call Minute.) Going to be difficult on revenues going forward.
DON'T BUY
Trading on BCE and 36 other companies go down yesterday was horrible timing. Increases the appeal to trade on other platforms such as Alpha. Estimates are from 20% to 50% volumes could move to others, over time. Expensive at this point and doesn’t discount the risk of competition.
DON'T BUY
(Market Call Minute.) Risk to revenues
COMMENT
The TSX has had a fantastic rally. Up to all-time highs. Chart shows it is bouncing off the top again, which is a positive sign if it can break that level. However, there is a downward trend on the lows, which concerns him. Technically, you are waiting for the breakthrough.
Showing 151 to 165 of 360 entries