Is Gold Standard Ventures Corp (NYSE:GSV) Stock Ready for a Higher Run in its Share Price? – Marketing Sentinel

Is Gold Standard Ventures Corp (NYSE:GSV) Stock Ready for a Higher Run in its Share Price?

In the latest trading session, 2,144,414 Gold Standard Ventures Corp (NYSE:GSV) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $0.57 changing hands around -$0.03 or -0.04% at last look, the market valuation stands at $206.2 Million. GSV’s current price is a discount, trading about -100% off its 52-week high of $1.14. The share price had its 52-week low at $0.48, which suggests the recent value is15.79% up since then. When we look at Gold Standard Ventures Corp’s average trading volume, we note the 10-day average is 3.67 Million shares, with the 3-month average coming to 8.08 Million.

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Analysts gave the Gold Standard Ventures Corp (GSV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended GSV as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Gold Standard Ventures Corp’s EPS for the current quarter is expected to be -$0.02.

Gold Standard Ventures Corp (NYSE:GSV) trade information

Although GSV has turned red as seen in intraday trades today. With action -4.24%, the performance over the past five days has been red. The jump to weekly highs of $0.613 on Wednesday, Mar 24 added 5.26% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.2%, with the 5-day performance at -0.04% in the red. However, in the 30-day time frame, Gold Standard Ventures Corp (NYSE:GSV) is -0.07% down. Looking at the short shares, we see there were 3.95 Million shares sold at short interest cover period of 0.49 days.

The consensus price target for the stock as assigned by Wall Street analysts is $1.34, meaning bulls need an upside of 135.09% from its recent market value. According to analyst projections, GSV’s forecast low is $1.01 with $1.79 as the target high. To hit the forecast high, the stock’s price needs a +214.04% upsurge from its latest level, while the stock would need to tank 77.19% for it to hit the projected low.

Gold Standard Ventures Corp (GSV) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Gold Standard Ventures Corp earnings to decrease by -25%, but the outlook for the next 5-year period is at 5% per year.

Gold Standard Ventures Corp (NYSE:GSV)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.24% of Gold Standard Ventures Corp shares while 51.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.46%. There are 61 institutions holding the Gold Standard Ventures Corp stock share, with FMR, LLC the top institutional holder. As of Dec 30, 2020, the company held 6.23% of the shares, roughly 22.27 Million GSV shares worth $16.12 Million.

Van Eck Associates Corporation holds the second largest percentage of outstanding shares, with 5.02% or 17.95 Million shares worth $12.99 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Jan 30, 2021 were Fidelity Select Portfolios – Gold and VanEck Vectors ETF Tr-Junior Gold Miners ETF. With 22273800 shares estimated at $15.8 Million under it, the former controlled 6.23% of total outstanding shares. On the other hand, VanEck Vectors ETF Tr-Junior Gold Miners ETF held about 3.29% of the shares, roughly 11.75 Million shares worth around $8.33 Million.

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