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

AGF Management Limited (OTCMKTS:AGFMF) shares 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.

Wall Street Analysts Forecast Growth

AGFMF has been the topic of a number of recent analyst reports. TD Securities restated a “buy” rating on shares of AGF Management in a report on Wednesday, January 28th. Scotiabank restated a “sector perform” rating on shares of AGF Management in a research note on Friday, January 23rd. Desjardins reaffirmed a “buy” rating on shares of AGF Management in a report on Thursday, January 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of AGF Management in a report on Monday, January 26th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of AGF Management in a research note on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, AGF Management has an average rating of “Moderate Buy”.

AGF Management Stock Performance

The stock has a 50-day moving average of $12.98 and a 200-day moving average of $11.02.

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.