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Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reaffirmed by investment analysts at FinnCap in a note issued to investors on Tuesday. They currently have a GBX 18 ($0.31) target price on the stock. FinnCap’s target price indicates a potential upside of 35.85% from the stock’s previous close.

Shares of Shanta Gold Limited (LON:SHG) traded up 1.89% on Tuesday, hitting GBX 13.50. 499,498 shares of the company’s stock traded hands. 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 14.58 and a 200-day moving average of GBX 14.02.

Separately, analysts at Investec cut their price target on shares of Shanta Gold Limited from GBX 300 ($5.11) to GBX 260 ($4.43) in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of GBX 100.33 ($1.71).

Shanta Gold Limited is engaged in gold exploration, development and mining in Tanzania. The Company’s properties include New Luika, Lupa Goldfields , Singida, Mgusu, and Songea.

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