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The latest announcement is out from Exco Technologies ( (TSE:XTC) ).
Exco Technologies has received Toronto Stock Exchange approval for a new normal course issuer bid allowing it to repurchase up to 1,706,558 common shares, or 10% of its public float, between February 20, 2026 and February 19, 2027. Purchases, to be funded from cash and bank facilities, will occur through the TSX and alternative Canadian trading systems at market prices, with all repurchased shares cancelled.
The board argues the company’s market price may not fully reflect its underlying value and views opportunistic buybacks as a prudent use of capital to protect and enhance shareholder value. The new bid follows the prior program under which Exco bought 572,656 shares at an average price of $6.62, signaling continued confidence in the business and potentially supporting the stock for existing shareholders.
The most recent analyst rating on (TSE:XTC) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Exco Technologies stock, see the TSE:XTC Stock Forecast page.
Spark’s Take on TSE:XTC Stock
According to Spark, TipRanks’ AI Analyst, TSE:XTC is a Outperform.
The score is driven by attractive valuation (low P/E and ~6% dividend yield) and constructive technical trend (price above major moving averages with positive MACD). These positives are tempered by only moderate financial performance, including modest margins, recent revenue softness, and uneven cash conversion despite positive free cash flow.
To see Spark’s full report on TSE:XTC stock, click here.
More about Exco Technologies
Exco Technologies Limited is a global supplier of innovative technologies serving the die-cast, extrusion and automotive industries. The company operates 21 strategic locations across nine countries, employs about 4,500 people, and serves a diverse and broad customer base worldwide.
Average Trading Volume: 22,454
Technical Sentiment Signal: Buy
Current Market Cap: C$291M
For an in-depth examination of XTC stock, go to TipRanks’ Overview page.