Shanta Gold Limited (SHG) Price Target Raised to GBX 21

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Shanta Gold Limited (LON:SHG) had its price target hoisted by analysts at Peel Hunt from GBX 18 ($0.24) to GBX 21 ($0.28) in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 102.41% from the company’s previous close.
Several other research analysts have also recently issued reports on the stock. FinnCap reaffirmed a “buy” rating and issued a GBX 12 ($0.16) target price on shares of Shanta Gold Limited in a report on Wednesday, July 6th. Beaufort Securities reaffirmed a “speculative buy” rating on shares of Shanta Gold Limited in a report on Monday, May 23rd.
Shanta Gold Limited (LON:SHG) traded up 0.000% on Tuesday, reaching GBX 10.375. 3,236,240 shares of the company traded hands. The stock’s 50-day moving average is GBX 9.41 and its 200-day moving average is GBX 7.58. Shanta Gold Limited has a 1-year low of GBX 4.13 and a 1-year high of GBX 11.00. The stock’s market capitalization is GBX 51.79 million.

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Shanta Gold Limited Company Profile
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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