Duluth Metals Ltd DULMF

Bloomberg consensus targets

[materialsgirl]

A lot of people misunderstand what this number means.
The consensus means that it is an average of several analysts.  In that sense it is factually correct

However this consensus target needs to probed more deeply when a large company is involved and in the case of a small company it means very little.

Analysts mighr issue a report on a small company 2 to 4 times per year.   The Bloomberg consensus target provides no date stamp on when each analyst did their report.  

TD dropped its target to 35 cents from 85 cents on August 22 for example.  Some reports issued prior to the Anto announcement are incorporated into the consensus number.  They do not reflect the new reality.  

For all small companies it is true that consensus numbers are meaningless subsequent to a major company event.    Only reports issued after the big event have any relevance