FinnCap Lowers Shanta Gold Limited Price Target to GBX 17.25 (SHG)
Investment analysts at FinnCap dropped their price target on shares of Shanta Gold Limited (LON:SHG) from GBX 18 ($0.31) to GBX 17.25 ($0.29) in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. FinnCap’s price objective would indicate a potential upside of 31.18% from the company’s current price.
Shares of Shanta Gold Limited (LON:SHG) traded up 0.19% during mid-day trading on Wednesday, hitting GBX 13.15. 150,580 shares of the company’s stock traded hands. Shanta Gold Limited has a 52 week low of GBX 10.50 and a 52 week high of GBX 16.25. The stock has a 50-day moving average of GBX 13.72 and a 200-day moving average of GBX 14.33.
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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