Friday, February 26, 2021

B. Riley FBR slashes price target on Gold Standard Ventures Corp [GSV] – find out why.

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Gold Standard Ventures Corp [AMEX: GSV] loss -1.74% or -0.01 points to close at $0.85 with a heavy trading volume of 20574508 shares. The company report on February 10, 2021 that IIROC Trade Resumption – GSV.

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Company: Gold Standard Ventures Corp.

It opened the trading session at $0.82, the shares rose to $0.85 and dropped to $0.78, the range by which the price of stock traded the whole day. The daily chart for GSV points out that the company has recorded -9.71% loss over the past six months. However, it is still -214.81% lower than its most recent low trading price.

If we look at the average trading volume of 4.44M shares, GSV reached to a volume of 20574508 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gold Standard Ventures Corp [GSV]:

B. Riley FBR have made an estimate for Gold Standard Ventures Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 25, 2019. The new note on the price target was released on June 08, 2018, representing the official price target for Gold Standard Ventures Corp stock. Previously, the target price had yet another raise to $1.10, while H.C. Wainwright analysts kept a Buy rating on GSV stock.

The Average True Range (ATR) for Gold Standard Ventures Corp is set at 0.06 The Price to Book ratio for the last quarter was 1.35.

Trading performance analysis for GSV stock

Gold Standard Ventures Corp [GSV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.48. With this latest performance, GSV shares gained by 20.71% in over the last four-week period, additionally sinking by -9.71% over the last 6 months – not to mention a rise of 14.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GSV stock in for the last two-week period is set at 67.45, with the RSI for the last a single of trading hit 72.10, and the three-weeks RSI is set at 63.52 for Gold Standard Ventures Corp [GSV]. The present Moving Average for the last 50 days of trading for this stock 0.7282, while it was recorded at 0.8098 for the last single week of trading, and 0.7586 for the last 200 days.

Gold Standard Ventures Corp [GSV]: A deeper dive into fundamental analysis

Return on Total Capital for GSV is now -4.29, given the latest momentum, and Return on Invested Capital for the company is -4.38. Return on Equity for this stock declined to -4.39, with Return on Assets sitting at -4.32. When it comes to the capital structure of this company, Gold Standard Ventures Corp [GSV] has a Total Debt to Total Equity ratio set at 0.32. Additionally, GSV Total Debt to Total Capital is recorded at 0.32, with Total Debt to Total Assets ending up at 0.31. Long-Term Debt to Equity for the company is recorded at 0.25, with the Long-Term Debt to Total Capital now at 0.25.

Reflecting on the efficiency of the workforce at the company, Gold Standard Ventures Corp [GSV] managed to generate an average of -$571,709 per employee.

Gold Standard Ventures Corp [GSV]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Gold Standard Ventures Corp posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GSV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gold Standard Ventures Corp go to 5.00%.

An analysis of insider ownership at Gold Standard Ventures Corp [GSV]

There are presently around $61 million, or 39.41% of GSV stock, in the hands of institutional investors. The top three institutional holders of GSV stocks are: FMR LLC with ownership of 22,273,800, which is approximately -1.005% of the company’s market cap and around 8.17% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 17,946,745 shares of the stock with an approximate value of $15.16 million in GSV stocks shares; and SUN VALLEY GOLD LLC, currently with $14.53 million in GSV stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Gold Standard Ventures Corp stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 17 institutional holders increased their position in Gold Standard Ventures Corp [AMEX:GSV] by around 3,562,268 shares. Additionally, 15 investors decreased positions by around 707,309 shares, while 21 investors held positions by with 68,443,348 shares. The mentioned changes placed institutional holdings at 72,712,925 shares, according to the latest SEC report filing. GSV stock had 9 new institutional investments in for a total of 476,491 shares, while 9 institutional investors sold positions of 85,309 shares during the same period.

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