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Research analysts at Investec reduced their target price on shares of Shanta Gold Limited (LON:SHG) from GBX 300 ($5.04) to GBX 260 ($4.37) in a report released on Thursday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock.

A number of other analysts have also recently weighed in on SHG. Analysts at FinnCap reiterated a “buy” rating on shares of Shanta Gold Limited in a research note on Tuesday. They now have a GBX 18 ($0.30) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Shanta Gold Limited in a research note on Friday, January 31st. They now have a GBX 23 ($0.39) price target on the stock. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of GBX 100.33 ($1.69).

Shares of Shanta Gold Limited (LON:SHG) opened at 14.3825 on Thursday. Shanta Gold Limited has a 1-year low of GBX 8.50 and a 1-year high of GBX 16.00. The stock has a 50-day moving average of GBX 14.89 and a 200-day moving average of GBX 13.5.

Shanta Gold Ltd is a Guernsey-based company engaged in gold exploration and gold production investment in Tanzania.

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