Ingalls & Snyder LLC trimmed its position in Gold Standard Ventures Corp (NYSEAMERICAN:GSV) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,439,700 shares of the basic materials company’s stock after selling 37,235 shares during the quarter. Ingalls & Snyder LLC owned 0.52% of Gold Standard Ventures worth $1,232,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised 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 acquiring an additional 10,000 shares in the last quarter. Virtu Financial LLC raised 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 acquiring an additional 45,077 shares in the last quarter. Finally, Morgan Stanley raised 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 acquiring an additional 454,694 shares in 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.
Shares of NYSEAMERICAN:GSV opened at $0.75 on Thursday. Gold Standard Ventures Corp has a twelve month low of $0.59 and a twelve month high of $1.38. The firm has a fifty day simple moving average of $0.96.
Gold Standard Ventures (NYSEAMERICAN:GSV) last announced its earnings results on Wednesday, November 13th. The basic materials company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02.
Gold Standard Ventures Company 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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