AGF Management (OTCMKTS:AGFMF) Share Price Passes Above 50 Day Moving Average – Here’s Why

AGF Management Limited (OTCMKTS:AGFMF) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.43 and traded as high as $11.98. AGF Management shares last traded at $11.98, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada started coverage on shares of AGF Management in a research report on Wednesday, December 10th. They set an “outperform” rating on the stock. Scotiabank restated a “sector perform” rating on shares of AGF Management in a report on Thursday, September 18th. BMO Capital Markets reaffirmed a “market perform” rating on shares of AGF Management in a research report on Tuesday, September 16th. Finally, Desjardins reiterated a “buy” rating on shares of AGF Management in a research note on Thursday, September 25th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

AGF Management Stock Up 1.0%

The company’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $9.73.

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.