5 Best One Dollar Stocks to Buy Now

1. Gold Standard Ventures Corp (NYSE: GSV)

Stock Price as of July 16: $0.56

Number of Hedge Fund Holders: 4

Topping the list of the 10 best one dollar stocks to buy now is Gold Standard Ventures Corp (NYSE: GSV). The Canadian gold exploration company operates in Nevada to establish district-scale and other gold-bearing resource extraction properties. Gold Standard Ventures Corp (NYSE: GSV) owns more than 21,000 hectares of land on the Carlin Trend, second only to Nevada Gold Mines, for the development of the South Railroad Project.

In June, Gold Standard Ventures Corp (NYSE: GSV) was given a Speculative Buy rating and a $1.50 price target by Canaccord analyst Tom Gallo. According to analyst Tom Gallo, the preliminary feasibility assessment for the company’s South Railroad project “presents a de-risked, advanced understanding of the resource model”. In addition, Alex Terentiew of Stifel Nicolaus has resumed coverage of Gold Standard Ventures with a Buy rating and a price target of $1.70.

Gold Standard Ventures Corp (NYSE: GSV) announced in May that the exploration and development program for 2021 will be focused on testing for extensions to both Pinion and Dark Star, to increase the size of the pits and expand the project’s viability.

The company has a market cap of $191 million. In the first quarter of 2021, Gold Standard Ventures Corp (NYSE: GSV) had an EPS of -$0.01, in line with the estimates. As of March 31, 2021, the company had total assets of CA$297,768,500, up from CA$231,336,520 in the same period in 2020. 

At the end of the first quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $23.1 million in Gold Standard Ventures Corp (NYSE: GSV), down from 8 in the previous quarter worth $15.2 million.

You can also take a peek at the 10 Best Blue Chip Dividend Stocks Hedge Funds Are Buying and Beyond GameStop: Reddit’s WallStreetBets is Now Targeting These 10 Stocks.

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