AGF Management Limited (OTCMKTS:AGFMF) Short Interest Update

AGF Management Limited (OTCMKTS:AGFMFGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 95,900 shares, a growth of 88.8% from the April 15th total of 50,800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 239.8 days.

A number of analysts have recently weighed in on the company. TD Securities lowered their price objective on AGF Management from C$9.50 to C$9.00 in a research report on Thursday, January 27th. Barclays raised their price objective on AGF Management from C$7.50 to C$8.00 in a research report on Friday, March 25th. Desjardins raised their price objective on AGF Management from C$10.50 to C$10.75 in a research report on Friday, April 1st. Royal Bank of Canada cut AGF Management from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 25th. Finally, Scotiabank lowered their price objective on AGF Management from C$10.00 to C$8.50 in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.96.

Shares of AGFMF stock opened at $5.18 on Friday. The business has a fifty day moving average of $5.58 and a 200 day moving average of $5.97. AGF Management has a 1 year low of $5.14 and a 1 year high of $6.95.

AGF Management Company Profile (Get Rating)

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios.

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