Shares of AGF Management (TSE:AGF.B) reached a new 52-week high on Tuesday . The stock traded as high as C$6.59 and last traded at C$6.59, with a volume of 17940 shares trading hands. The stock had previously closed at C$6.57.
Several analysts recently issued reports on the stock. CIBC reduced their price target on shares of AGF Management from C$8.50 to C$8.00 in a research report on Monday, March 26th. BMO Capital Markets reissued a “market perform” rating and issued a C$8.00 price target on shares of AGF Management in a research report on Monday, March 26th. Royal Bank of Canada reduced their price target on shares of AGF Management from C$8.50 to C$8.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 13th. TD Securities reduced their price target on shares of AGF Management from C$9.50 to C$9.00 in a research report on Monday, April 2nd. Finally, Barclays raised shares of AGF Management from an “equal weight” rating to an “outperform” rating in a research report on Thursday, March 29th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$8.07.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 18th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.84%. The ex-dividend date is Monday, April 9th.
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About AGF Management
AGF Management Limited is a diversified global asset management company with retail, institutional, alternative and high-net-worth businesses. The Company offers solutions across four investment management platforms: Fundamental Active Management, Quantitative Solutions, Private Client and Alternative Asset.
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