AGF Management (OTCMKTS:AGFMF) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of AGF Management Limited (OTCMKTS:AGFMF) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.17 and traded as high as $11.76. AGF Management shares last traded at $11.66, with a volume of 1,246 shares changing hands.

Analysts Set New Price Targets

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

AGF Management Stock Performance

The business has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $9.60.

About AGF Management

AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF’s 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF’s products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.