Gold Standard Ventures (TSE:GSV) Research Coverage Started at Canaccord Genuity Group

Analysts at Canaccord Genuity Group started coverage on shares of Gold Standard Ventures (TSE:GSVGet Rating) in a research report issued on Tuesday, TipRanks reports. The brokerage set a “buy” rating and a C$1.00 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 135.29% from the company’s previous close.

Separately, National Bank Financial reissued an “outperform spec overweight” rating on shares of Gold Standard Ventures in a report on Thursday, April 28th.

Shares of GSV traded down C$0.03 during midday trading on Tuesday, reaching C$0.43. 53,727 shares of the stock were exchanged, compared to its average volume of 135,412. Gold Standard Ventures has a 12-month low of C$0.43 and a 12-month high of C$0.79. The firm has a 50 day simple moving average of C$0.57 and a 200-day simple moving average of C$0.56. The company has a quick ratio of 10.11, a current ratio of 10.43 and a debt-to-equity ratio of 0.15. The company has a market cap of C$152.46 million and a price-to-earnings ratio of -13.71.

Gold Standard Ventures (TSE:GSVGet Rating) last posted its quarterly earnings results on Tuesday, March 29th. The company reported C($0.01) earnings per share for the quarter. Research analysts expect that Gold Standard Ventures will post -0.02 earnings per share for the current fiscal year.

In related news, insider Sun Valley Gold LLC acquired 124,414 shares of the stock in a transaction dated Wednesday, April 27th. The shares were acquired at an average price of C$0.51 per share, with a total value of C$63,202.31. Following the acquisition, the insider now owns 49,548,593 shares in the company, valued at approximately C$25,170,685.24.

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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