Peel Hunt Reiterates “Buy” Rating for Shanta Gold Limited (SHG)
Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 16 ($0.21) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 357.14% from the company’s previous close.
Several other analysts have also commented on SHG. FinnCap reiterated an “under review” rating on shares of Shanta Gold Limited in a report on Tuesday, September 12th. Shore Capital began coverage on Shanta Gold Limited in a research note on Tuesday, September 5th. They issued a “not rated” rating for the company.
Shanta Gold Limited (LON SHG) opened at GBX 3.60 ($0.05) on Monday. Shanta Gold Limited has a one year low of GBX 3 ($0.04) and a one year high of GBX 12.75 ($0.17).
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In related news, insider Ketan Patel acquired 222,885 shares of Shanta Gold Limited stock in a transaction on Monday, October 2nd. The stock was acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £13,373.10 ($17,589.24). Also, insider Robin Anthony Fryer acquired 120,000 shares of Shanta Gold Limited stock in a transaction on Wednesday, August 30th. The shares were bought at an average price of GBX 4 ($0.05) per share, with a total value of £4,800 ($6,313.30).
Shanta Gold Limited Company Profile
Shanta Gold Limited is a gold producing company engaged in the investment in gold exploration and production in Tanzania. The Company is engaged in mining, processing, exploration and related activities. Its Tanzanian-based assets include New Luika Gold Mine, Singida, Songea and Lupa Goldfield exploration.
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