$X.TO

TMX Group Price Target Raised By $2 at RBC

RBC Capital Markets raised its price target on TMX Group Ltd. (X.TO) to $71 from $69 on Monday.Analyst Bart Dziarski maintained an Outperform rating on shares of the Canadian financial services company.On June 11, TMX announced that it was acquiring RIFI Indices for US$490 Million."We believe TMX's acquisition of RAFI Indices from Research Affiliates represents an accretive deployment of capital (we estimate ~3%) and is strategically sound with recurring revenue, revenue outside Canada, and revenue from Global Insights all increasing," Dziarski said in a note to clients."We assume Q4/26 close and increase our 2027 estimates to reflect the transaction (which is entirely debt financed)," the analyst said."Valuation remains attractive with TMX trading at 18x 2027E P/E, a 2x discount to global peers and below its 5-year average."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

TMX Group Price Target Raised to $69 at RBC

RBC Capital Markets raised its price target on TMX Group (X.TO) to $69 from $65.Analyst Bart Dziarski maintained an Outperform rating on shares of the Canadian financial services company following its Q1 results on Tuesday."We believe operating results continue to serve as a powerful reminder of TMX's strong business model, with double-digit revenue growth and operating leverage driving margin expansion," Dziarski said in a note to clients."Despite the recent positive re-rating, TMX is trading at 22.6x forward P/E, in-line with global exchange peers, and we believe a premium is warranted given TMX's fundamentally stronger business model," the analyst said.

TSX Closer: Index Down In All But 1 of the Last 8 Sessions; Morningstar Cites 10 Top-Performing Dividend Stocks

The Toronto Stock Exchange has closed lower in all but one of the last eight sessions, with the latest losses on this Tuesday coming as U.S. Defense Secretary Pete Hegseth said the US-Iran ceasefire "is not over" despite attacks in the Strait of Hormuz yesterday.The S&P/TSX Composite Index closed down 71.96 points, or 0.2%, at 33.566.91, even as most sectors were higher, led by Health Care, up 2.5%, followed By Base Metals, up 2%, and Energy, up 1.4%. Information Technology was down near 4.2% and the Battery Metals Index was down 2.6%.Among individual stocks, BNN Bloomberg TV cited Ero Copper, up more than 5% today and up just short of 100% over one year. The company reported first-quarter results earlier Tuesday. BNN also cited Parex Resources (PXT.TO), up near 5% as Frontera (FEC.TO) obtained a final order approving their plan of arrangement.On the negative side, BNN cited Shopify (SHOP.TO), down more than 15% after its Q1 results, and Keyera (KEY.TO), which lost more than 7% as the Competition Bureau moved to block its $5.15-billion acquisition of Plains All American Pipelines Canadian natural-gas liquids business.Still on individual stocks, Morningstar Canada said the top performing dividend payers in April included engineering and construction company Aecon (ARE.TO), Canadian Imperial Bank of Commerce (CM.TO), and asset management firm IGM Financial (IGM.TO). Morningstar noted dividend-paying stocks that "combine healthy balance sheets with hefty yields" can provide investors with "steady incomes, cushion against market downturns, and grow investments at a healthy clip".A screening of the Morningstar Canada Index, which measures the performance of Canada's broad regional markets, targeting the top 97% of stocks by market capitalization, for companies with a forward dividend yield of at least 1.5%, excluding real estate investment trusts, showed the best performing Canadian dividend stocks last month. This included the aforementioned Aecon, CIBC and IGM. The list also included National Bank of Canada (NA.TO), TD Bank Group (TD.TO), Industrial Alliance Insurance and Financial Services (IAG.TO), Power Corporation of Canada (POW.TO), TMX Group (X.TO), Sun Life Financial (SLF.TO) and Superior Plus (SPB.TO).Of commodities, gold traded higher by midafternoon, rising off a five-week low as treasury yields weakened. Gold for June delivery was up US$35.60 to US$4,568.90 per ounce.But West Texas Intermediate crude oil fell 3.9% with the ceasefire between the United States and Iran seen holding, calming Monday's gains as violence in the Persian Gulf eased. WTI crude oil for June delivery closed down US$4.15 to settle at US$102.27 per barrel, after rising 4.4% on Monday, while July Brent oil was down US$4.24 to US$110.20.

TMX Target Edged Up To C$64 From $63, Keeps Sector Perform at National Bank On "Strong Beat, With Minor Nitpicks" In Its Q1 Results

TMX Target Edged Up To C$64 From $63, Keeps Sector Perform at National Bank On "Strong Beat, With Minor Nitpicks" In Its Q1 Results

Earnings Flash (X.TO) TMX Group Posts Q1 Adjusted EPS $0.65 per Share; Diluted EPS $0.80; Record Revs of $488.2M

TMX Group Moves To Buy Cboe Australia and Cboe Canada

TMX Group (X.TO), with key operations that include Toronto Stock Exchange and TSX Venture Exchange, announced Wednesday an agreement to acquire Middlebury Holdings Pty. Limited (Cboe Australia) and Cboe Canada Holdings, ULC (Cboe Canada) from Cboe Global Markets, Inc. for US$300 million in total consideration.In a statement TMX said the transaction will bolster its ability to serve clients across the capital markets ecosystem, expand the company's global presence, and accelerate the company's growth strategy, while reducing cost and complexity for Canadian market participants."We are tremendously excited to announce the acquisition of Cboe Australia and Cboe Canada, a deal that represents a unique opportunity to strengthen our domestic marketplace for clients and the entire stakeholder ecosystem, while expanding the reach and impact of our presence in a region of the world we know well," said John McKenzie, Chief Executive Officer. "We look forward to working with our industry partners to ensure a smooth transition, and to exploring innovative ways to serve the needs of issuers and investors across the Australian market, while continuing to seek out opportunities to accelerate our enterprise growth strategy."TMX, noting Cboe Australia and Cboe Canada offer equities trading venues, listing venues and market data solutions, said the transaction will create a "global powerhouse" for mining finance and reduce complexity and costs for Canadian market participants.Shares in TMX were down $0.28 or 0.5% at $53.89 in Canada yesterday.

TMX Group Price Target Raised to $63 at TD

TD Securities raised its price target on TMX Group Ltd. (X.TO) to $63 from $60 on Friday.Analyst Graham Ryding maintained a Buy rating on shares of the Toronto-based financial services company that operates Canadian exchanges."Our Q1/26 estimates have increased to reflect strong trading volumes (record derivatives)," Riding said in a note to clients."We have reduced our near-term capital formation outlook given the market volatility," the analyst said."Equity tokenization remains topical. Valuation continues to appear attractive in our view, and the earnings outlook is constructive."TMX reports Q1 results after market close on May 4.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)