Shanta Gold Limited (LON:SHG)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research report issued on Wednesday. They presently have a GBX 16 ($0.21) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 412.00% from the stock’s previous close.

Several other equities research analysts also recently commented on SHG. FinnCap restated an “under review” rating on shares of Shanta Gold Limited in a research report on Tuesday, June 20th. Shore Capital restated a “not rated” rating on shares of Shanta Gold Limited in a research report on Wednesday, July 19th.

Shares of Shanta Gold Limited (LON:SHG) opened at 3.22 on Wednesday. The firm has a 50-day moving average of GBX 3.66 and a 200 day moving average of GBX 5.68. Shanta Gold Limited has a 1-year low of GBX 3.00 and a 1-year high of GBX 13.38. The stock’s market capitalization is GBX 24.67 million.

TRADEMARK VIOLATION WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://theolympiareport.com/2017/10/18/shanta-gold-limited-shg-given-buy-rating-at-peel-hunt.html.

In other news, insider Ketan Patel purchased 222,885 shares of Shanta Gold Limited stock in a transaction that occurred 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 ($17,769.20). Also, insider Robin Anthony Fryer purchased 120,000 shares of Shanta Gold Limited stock in a transaction that occurred on Wednesday, August 30th. The stock was purchased at an average price of GBX 4 ($0.05) per share, with a total value of £4,800 ($6,377.89).

About Shanta Gold Limited

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.

Receive News & Ratings for Shanta Gold Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shanta Gold Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.