AGF Management (OTCMKTS:AGFMF) Stock Passes Above Fifty Day Moving Average – Here’s Why

AGF Management Limited (OTCMKTS:AGFMF)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.98 and traded as high as $15.1480. AGF Management shares last traded at $15.1140, with a volume of 7,697 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of AGF Management in a research note on Monday, January 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of AGF Management in a report on Wednesday, January 28th. TD Securities reissued a “buy” rating on shares of AGF Management in a report on Wednesday, January 28th. Scotiabank reaffirmed a “sector perform” rating on shares of AGF Management in a report on Friday, January 23rd. Finally, Desjardins reiterated a “buy” rating on shares of AGF Management in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

AGF Management Price Performance

The company has a 50-day moving average of $13.11 and a 200 day moving average of $11.09.

About AGF Management

AGF Management Limited is a Canadian-based investment management firm that offers a broad suite of products and services to retail, institutional and private wealth clients. The company’s core offerings include mutual funds, exchange-traded funds (ETFs), managed solutions and separately managed accounts. AGF’s investment platforms span equity, fixed-income, multi-asset and alternative strategies, allowing clients to access active management and customized portfolio solutions.

Founded in 1957 and headquartered in Toronto, AGF Management operates additional offices in Montreal and other locations across Canada.