TSE:X

TMX Group (X.TO)

49.56
+0.49 (1.00%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
81 watching
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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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Similar
CME
TOP PICK
(A Top Pick March 5/09. Up 25.52%.) As a proxy on the economy, you can do far worse. This is the best stock market in the developed world and we have the best economy.
TOP PICK
With changes in pricing and the changes in markets, competition has been stabilized and is starting to diminish. 4.8% yield is supportable. Trading at 11X next year’s earnings. Reasonable dividend growth.
TOP PICK
This is the leading market in Canada. They sell a lot of data to the markets. Some investor relations services. Thinks they look attractive..
COMMENT
PE ratio is about 4%. Being hit by competition but longer term, as the world continues to discover Canada and its resource plays, you are going to have tons of foreign money coming in through this avenue.
PAST TOP PICK
(A Top Pick June 4/09. Down 13.19%.) Still likes.
DON'T BUY
Throttle/Montreal Stock exchange. Have 2 problems. 1) Volumes are much lower than they had been and 2) there is more competition from alternative exchanges. 5% dividend.
DON'T BUY
It is not a good chart. It’s not participating in the bull market. The earnings are not good. Technical analysis says you want to stay away from this thing.
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.
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