Shanta Gold Limited (SHG) Stock Rating Reaffirmed by Peel Hunt
Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research report issued on Thursday. They presently have a GBX 21 ($0.27) price objective on the stock. Peel Hunt’s price target points to a potential upside of 104.88% from the stock’s previous close.
Separately, FinnCap reiterated a “buy” rating and issued a GBX 12 ($0.16) target price on shares of Shanta Gold Limited in a research note on Wednesday, June 15th.
Shanta Gold Limited (LON:SHG) opened at 10.25 on Thursday. Shanta Gold Limited has a 52 week low of GBX 4.50 and a 52 week high of GBX 11.00. The company has a 50-day moving average of GBX 9.51 and a 200-day moving average of GBX 7.66. The company’s market capitalization is GBX 51.16 million.
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About Shanta Gold Limited
Shanta Gold Limited is a company with principal operations in mining, processing, exploration and related activities. The Company is engaged in gold mining, development and exploration in Tanzania. It owns 100% interest in New Luika Gold Mine located in Chunya administrative district, Mbeya region in the Lupa Goldfield of south west Tanzania.
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