AGF Management (OTCMKTS:AGFMF) Shares Climb 0.3% – Still a Buy?

AGF Management Limited (OTCMKTS:AGFMF)’s stock price shot up 0.3% during trading on Friday. The company traded as high as $10.55 and last traded at $10.55. 27,668 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 21,374 shares. The stock had previously closed at $10.52.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of AGF Management from an “outperform” rating to a “sector perform” rating and set a $23.00 price objective for the company. in a research note on Tuesday, September 8th. TD Securities reaffirmed a “buy” rating on shares of AGF Management in a research report on Tuesday, September 15th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.00.

AGF Management Stock Performance

The firm’s 50 day moving average is $11.54 and its 200 day moving average is $13.52.

About AGF Management

AGF Management Limited is a Canadian investment management company that provides portfolio management and related financial services to individual, institutional and high-net-worth investors. The company operates through its investment management businesses, including AGF Investments, and offers a range of investment solutions designed to meet different risk and return objectives. AGF’s products and services include mutual funds, exchange-traded funds, separately managed accounts, institutional mandates and alternative investment strategies.