Published On: Sat, Sep 24th, 2016

Shanta Gold Limited (SHG) Rating Reiterated by Peel Hunt

Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research note issued to investors on Thursday. They currently have a GBX 21 ($0.27) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 95.35% from the stock’s previous close.
Separately, FinnCap reissued a “buy” rating and set a GBX 20 ($0.26) price target (up previously from GBX 12 ($0.16)) on shares of Shanta Gold Limited in a research report on Wednesday, August 17th.
Shares of Shanta Gold Limited (LON:SHG) opened at 10.75 on Thursday. The company’s 50-day moving average price is GBX 9.57 and its 200-day moving average price is GBX 7.70. The firm’s market capitalization is GBX 53.66 million. Shanta Gold Limited has a 12-month low of GBX 4.50 and a 12-month high of GBX 11.00.

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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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