- TMX Group’s average daily volume in July was 589.7 million shares, marking a 36% increase compared to the previous year.
- The average daily transactions reached 1.09 million, up by 21% year-over-year.
- TMX Group shares experienced a 2.1% rise, with the stock price reaching C$57.51.
- A total of 164,246 shares were traded.
- Among analysts, there are 3 buy ratings, 4 hold ratings, and no sell ratings for TMX Group’s stock.
A look at TMX Group Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
TMX Group Ltd, a prominent integrated exchange group, showcases a promising long-term outlook as per Smartkarma Smart Scores analysis. With a solid momentum score of 4, indicating strong market performance, TMX Group is positioned for growth and resilience in the market. The company’s value and growth scores at 3 highlight its stability and potential for expansion, while its resilience score of 3 indicates a steady ability to weather economic challenges. Although the dividend score is at a modest 2, the overall positive outlook portrays TMX Group as a robust player in the exchange market.
TMX Group Ltd, known for its operation of markets across various asset classes, continues to provide robust access to capital for a diverse range of issuers. The company’s focus on liquid markets and trading services, including natural gas and electricity contracts, underscores its strategic positioning. With a balanced mix of scores across different factors, TMX Group is poised to leverage its strengths and navigate opportunities for sustained growth and market leadership in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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