Ingalls & Snyder LLC lowered its position in shares of Gold Standard Ventures Corp (NYSEAMERICAN:GSV) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,439,700 shares of the basic materials company’s stock after selling 37,235 shares during the period. Ingalls & Snyder LLC’s holdings in Gold Standard Ventures were worth $1,232,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Virtu Financial LLC lifted its stake in Gold Standard Ventures by 173.7% during the third quarter. Virtu Financial LLC now owns 71,033 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 45,077 shares during the last quarter. Morgan Stanley lifted its stake in Gold Standard Ventures by 27.9% during the second quarter. Morgan Stanley now owns 2,084,907 shares of the basic materials company’s stock worth $2,210,000 after purchasing an additional 454,694 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Gold Standard Ventures by 66.7% during the second quarter. Wells Fargo & Company MN now owns 25,000 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 10,000 shares during the last quarter.
Separately, Zacks Investment Research lowered Gold Standard Ventures from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd.
GSV opened at $0.75 on Thursday. The business has a 50-day moving average of $0.96. Gold Standard Ventures Corp has a 12 month low of $0.59 and a 12 month high of $1.38.
Gold Standard Ventures (NYSEAMERICAN:GSV) last released its quarterly earnings data on Wednesday, November 13th. The basic materials company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02.
Gold Standard Ventures Profile
Gold Standard Ventures Corp., an exploration stage company, engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the United States. Its flagship property is the Railroad-Pinion project covering approximately 53,569 gross acres of land in Elko County, Nevada.
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