AGF Management Ltd Shs -B- Non-Voting

AGF.B: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 8.40	Pxx	Nczydwp

AGF Management Earnings: Investment Gains and Income Distributions Offset Mediocre Operating Results

Greggory Warren

Jun 21, 2023

There was little in no-moat AGF Management's fiscal second-quarter results that would alter our long-term view of the firm. We are leaving our CAD 8.50 fair value estimate in place. We view the shares as slightly undervalued despite their roughly 5% price increase during intraday trading June 21.

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