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Stock impact report

Wall Street Analysts Predict a 28.06% Upside in Allied Gold Corporation (AAUC): Here's What You Should Know [Yahoo! Finance]

Allied Gold Corporation Common Shares (AAUC) 
Company Research Source: Yahoo! Finance
there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.09 indicates a 28.1% upside potential. The mean estimate comprises three short-term price targets with a standard deviation of $3.22. While the lowest estimate of $19.59 indicates an 8.7% increase from the current price level, the most optimistic analyst expects the stock to surge 43.8% to reach $25.92. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice. But, for AAUC, an impressive average price target is not the only indi Show less Read more
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