Gold Standard Ventures (NYSEAMERICAN:GSV) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Gold Standard Ventures (NYSEAMERICAN:GSV) from a sell rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Gold Standard Ventures Corporation is a precious metals exploration & gold mining company focused on district scale gold discoveries within North Central Nevada. The Company’s flagship property is the Railroad Project, located in Elko County, Nevada. Gold Standard Ventures Corporation is based in Canada. “

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus cut their price objective on shares of Gold Standard Ventures from C$1.70 to C$1.50 and set a buy rating for the company in a report on Tuesday, November 9th. National Bank Financial increased their price objective on shares of Gold Standard Ventures to C$1.40 in a report on Friday, January 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Buy and an average target price of $1.47.

NYSEAMERICAN GSV opened at $0.42 on Tuesday. Gold Standard Ventures has a 12 month low of $0.38 and a 12 month high of $0.97. The company has a market cap of $151.53 million, a price-to-earnings ratio of -10.58 and a beta of 1.07.

Several hedge funds have recently bought and sold shares of GSV. Loews Corp grew its holdings in shares of Gold Standard Ventures by 18.5% in the second quarter. Loews Corp now owns 6,998,336 shares of the basic materials company’s stock valued at $4,009,000 after purchasing an additional 1,094,962 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Gold Standard Ventures by 35,244.1% in the third quarter. Royal Bank of Canada now owns 456,999 shares of the basic materials company’s stock valued at $207,000 after purchasing an additional 455,706 shares in the last quarter. Millennium Management LLC boosted its stake in Gold Standard Ventures by 370.7% during the second quarter. Millennium Management LLC now owns 211,015 shares of the basic materials company’s stock worth $118,000 after buying an additional 166,187 shares during the period. Morgan Stanley boosted its stake in Gold Standard Ventures by 430.8% during the second quarter. Morgan Stanley now owns 175,602 shares of the basic materials company’s stock worth $98,000 after buying an additional 142,519 shares during the period. Finally, UBS Group AG boosted its stake in Gold Standard Ventures by 69.5% during the third quarter. UBS Group AG now owns 253,154 shares of the basic materials company’s stock worth $114,000 after buying an additional 103,820 shares during the period. 30.26% of the stock is owned by hedge funds and other institutional investors.

Gold Standard Ventures Company Profile

Gold Standard Ventures Corp. operates as a mineral exploration company. The firm engages in the business of acquisition and exploration. It focuses on the following projects: Carlin Trend, Railroad-Pinion and Lewis. The company was founded by Luke A. Norman and Jonathan Charles Timothy Awde on February 6, 2004 and is headquartered in Vancouver, Canada.

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