Gold Standard Ventures Corp (NYSEAMERICAN:GSV) Given Consensus Recommendation of “Buy” by Brokerages

Gold Standard Ventures Corp (NYSEAMERICAN:GSV – Get Rating) has been given an average recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $1.18.

A number of research firms have weighed in on GSV. National Bank Financial reiterated an “outperform spec overweight” rating on shares of Gold Standard Ventures in a research note on Thursday, April 28th. Zacks Investment Research downgraded shares of Gold Standard Ventures from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. UBS Group assumed coverage on shares of Gold Standard Ventures in a research note on Tuesday, May 10th. They issued a “buy” rating and a C$1.00 target price on the stock. TD Securities reduced their target price on shares of Gold Standard Ventures from C$1.15 to C$1.00 in a research note on Thursday, May 12th. Finally, Stifel Nicolaus reduced their target price on shares of Gold Standard Ventures from C$1.40 to C$1.20 in a research note on Tuesday, March 1st.

GSV opened at $0.39 on Friday. Gold Standard Ventures has a fifty-two week low of $0.31 and a fifty-two week high of $0.61. The firm has a market cap of $140.98 million, a price-to-earnings ratio of -13.10 and a beta of 0.99.

Gold Standard Ventures (NYSEAMERICAN:GSV – Get Rating) last posted its quarterly earnings results on Tuesday, March 29th. The basic materials company reported ($0.01) earnings per share for the quarter. Equities analysts forecast that Gold Standard Ventures will post -0.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of GSV. Sun Valley Gold LLC lifted its position in Gold Standard Ventures by 11.5% during the 4th quarter. Sun Valley Gold LLC now owns 48,576,015 shares of the basic materials company’s stock worth $21,528,000 after buying an additional 4,999,793 shares in the last quarter. Invenomic Capital Management LP raised its holdings in Gold Standard Ventures by 728.7% during the 4th quarter. Invenomic Capital Management LP now owns 2,077,445 shares of the basic materials company’s stock worth $921,000 after purchasing an additional 1,826,770 shares during the last quarter. Van ECK Associates Corp raised its holdings in Gold Standard Ventures by 4.1% during the 1st quarter. Van ECK Associates Corp now owns 17,973,743 shares of the basic materials company’s stock worth $7,908,000 after purchasing an additional 701,225 shares during the last quarter. Royal Bank of Canada raised its holdings in Gold Standard Ventures by 35,244.1% during the 3rd quarter. Royal Bank of Canada now owns 456,999 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 455,706 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Gold Standard Ventures by 370.7% during the 2nd quarter. Millennium Management LLC now owns 211,015 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 166,187 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Gold Standard Ventures Company Profile (Get Rating)

Gold Standard Ventures Corp., an exploration stage company, engages in the development of district-scale and other gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering an area of approximately 53,570 acres located in the Elko County, Nevada.

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