National Bankshares Trims Gold Standard Ventures (CVE:GSV) Target Price to C$0.55

Gold Standard Ventures (CVE:GSVGet Rating) had its price objective dropped by stock analysts at National Bankshares from C$1.30 to C$0.55 in a note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares’ target price suggests a potential downside of 72.70% from the company’s current price.

Several other research firms have also recently weighed in on GSV. BMO Capital Markets cut their price target on Gold Standard Ventures from C$2.25 to C$1.50 in a report on Thursday, February 24th. TD Securities cut their price target on Gold Standard Ventures from C$1.15 to C$1.00 and set a “speculative buy” rating for the company in a report on Thursday, May 12th. Finally, Canaccord Genuity Group set a C$1.00 price target on Gold Standard Ventures and gave the company a “speculative buy” rating in a report on Tuesday, May 10th.

Shares of CVE:GSV traded up C$0.03 during trading on Tuesday, hitting C$2.02. 102,208 shares of the company’s stock were exchanged, compared to its average volume of 200,636. Gold Standard Ventures has a 52-week low of C$1.81 and a 52-week high of C$3.85. The business’s 50-day simple moving average is C$2.02 and its 200 day simple moving average is C$2.01.

Gold Standard Ventures Company Profile (Get Rating)

Gold Standard Ventures Corp. is focused on the acquisition and exploration of district-scale and other gold-bearing mineral resource properties completely in the State of Nevada, the United States. The Company operates through the acquisition and exploration of exploration and evaluation assets segment.

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