Does the presence of beta-hCG in male indicate malignancy?

Helo doctor,

I am a male. I have discovered a lump in my right chest area, just below my nipple. It appears to be roughly 1.1 to 1.9 inches in diameter, movable against all surrounding tissue, and it feels smooth, even-shaped, and firm but not hard, rather elastic. No pain, no visible changes from outside. I am 49 years old and have the following established preexisting conditions like Hashimoto's, slight hypertension, migraines since childhood, and some allergies. I do have recurrent episodes of polyuria for many years that were diagnosed as stress-related some years ago after all differentials had been excluded. A blood panel ordered by my GP now returns a slightly elevated free beta HCG level (3.24 mIU/ml with a reference value of 3.0 for males). All other results including CBC are normal, PSA and AFP, as well as HCG are negative, sexual hormones panel is normal. I cannot detect any abnormalities with my testicles. I understand that any detected beta HCG in males indicates a malignancy. How worried should I be?

Thank you doctor,

My GP had ordered the tests on the suggestion of his urology consult as apparently some rare testicular tumors may cause gynecomastia, over diagnosing is a little bit a thing here, I may add. I have now heard back from the local urologist (who works with this specific lab and is rather hard to contact what with the Corona situation). He will do an ultrasound next week and will decide on a biopsy after thorough palpation of the lesion. He now tells me that for him the beta HCG is within normal range, especially in the absence of any other changes in the blood work, the negative total HCG and the lack of specific symptoms. Just to calm my anxiety over the weekend. is his assessment fair in your opinion?