14:08:13 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



AGF Management Ltd
Symbol AGF
Shares Issued 65,525,325
Close 2023-06-16 C$ 7.54
Market Cap C$ 494,060,951
Recent Sedar Documents

Globe says AGF seen punching above its weight in retail

2023-06-16 08:08 ET - In the News

The Globe and Mail reports in its Friday edition that CIBC analyst Nik Priebe has reaffirmed his "neutral" call for AGF Management. The Globe's David Leeder writes that Mr. Priebe gave his share target a 50-cent trim to $8.50. He says in a note: "Our earnings estimate is based on the expectation for a moderation of SG&A expenses and a 'middle-of-the-road' quarter for the contribution from fair value adjustments and other income. It remains a challenging environment for the industry from an asset-gathering standpoint, but AGF's relative investment performance has improved over the past year and the company has been punching above its weight in the retail channel." The Globe reported on Nov. 1, 2022 and Feb. 24, 2023, that Scotia Capital analyst Phil Hardie had reiterated his "sector perform" call when AGF shares could be had for $6.37 and $9.32. The Globe reported on June 24, 2022, and March 18, 2023, that Desjardins Securities analyst Gary Ho had rated AGF "buy," when it was worth $6.69 and $8.87. The Globe reported on March 24, 2023, that Mr. Ho said he saw a buying opportunity at AGF, which was then worth $7.95. The Globe reported on June 13, 2023, that Mr. Ho rated AGF "buy." It was then worth $7.42.

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