Gold Standard Ventures Corp (AMEX: GSV) Loses -22.60% From High. Why That Could Change?


With over 1.98 million Gold Standard Ventures Corp (GSV) shares trading Tuesday and a closing price of $0.88 on the day, the dollar volume was approximately $1.74 million. The shares have shown a negative weekly performance of -4.93% and its price on 08/25/20 lost nearly -1.96%. Currently, there are 300.04M common shares owned by the public and among those 276.10M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for GSV have a consensus price objective of $1.61. The analysts have set the share’s price value over the next 12 months at a high of $1.89 and a low of $1.10 should the stock experience a downside. Incidentally, analysts’ outlook for the Gold Standard Ventures Corp stock is 2.00 for the next 12 months. But an upside of 53.44% will see the stock hit the forecast high price target while mean target price for the stock is $1.84.

The top 3 mutual fund holders in Gold Standard Ventures Corp are Fidelity Select Port. – Gold Port, VanEck Vectors – Junior Gold Mine, and Van Eck International Investors G. Fidelity Select Port. – Gold Port owns 20.81 million shares of the company’s stock, all valued at over $16.53 million. VanEck Vectors – Junior Gold Mine bought 0.1 million shares to see its total holdings expand to 7.73 million shares valued at over $6.14 million and representing 2.72% of the shares outstanding. Van Eck International Investors G now owns shares totaling to 1.57% of the shares outstanding.

Shares of Gold Standard Ventures Corp (AMEX: GSV) opened at $0.90, unchanged from a prior closing price of $0.90. However, the script later closed the day at $0.88, down -1.96%. The company’s stock has a 5-day price change of -4.93% and 24.97% over the past three months. GSV shares are trading 3.08% year to date (YTD), with the 12-month market performance down to -15.15% lower. It has a 12-month low price of $0.27 and touched a high of $1.14 over the same period. Currently, 1.98 million shares have been traded, compared to an average intraday trading volume of 1.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.47%, 5.70%, and 24.01% respectively.

Institutional ownership of Gold Standard Ventures Corp (AMEX: GSV) shares accounts for 35.03% of the company’s 300.04M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $264.75M. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 6.17% over the month.

Analysts forecast that Gold Standard Ventures Corp (GSV) will achieve an EPS of -$0.02 for the current quarter, $0 for the next quarter and $0 for 2018. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.02 a year ago.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Gold Standard Ventures Corp (GSV) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the GSV, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on July 25, 2019, with the firm’s price target at $2.15. BMO Capital Markets coverage for the Gold Standard Ventures Corp (GSV) stock in a research note released on June 08, 2018 offered a Outperform rating with a price target of. H.C. Wainwright was of a view on June 16, 2015 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on October 03, 2014, issuing a price target of $1.75.


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