AGF Management (OTCMKTS:AGFMF) Stock Crosses Above 50-Day Moving Average – Here’s Why

AGF Management Limited (OTCMKTS:AGFMF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.09 and traded as high as $15.29. AGF Management shares last traded at $15.29, with a volume of 14,537 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on AGFMF shares. Scotiabank restated a “sector perform” rating on shares of AGF Management in a research report on Monday, April 13th. BMO Capital Markets reaffirmed a “market perform” rating on shares of AGF Management in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of AGF Management in a research note on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

AGF Management Price Performance

The business has a 50 day moving average of $13.16 and a 200 day moving average of $13.20.

AGF Management Company Profile

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.