Shanta Gold Limited (SHG) Earns Buy Rating from Peel Hunt

Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday. They currently have a GBX 21 ($0.26) target price on the stock. Peel Hunt’s price objective indicates a potential upside of 93.10% from the company’s current price.

Separately, FinnCap reissued a “buy” rating and set a GBX 12 ($0.15) target price on shares of Shanta Gold Limited in a research note on Monday, June 27th.

Shanta Gold Limited (LON:SHG) opened at 10.875 on Tuesday. The firm’s 50 day moving average price is GBX 10.27 and its 200 day moving average price is GBX 8.15. The stock’s market cap is GBX 54.28 million. Shanta Gold Limited has a 12 month low of GBX 4.50 and a 12 month high of GBX 12.00.

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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