Shanta Gold Limited (SHG) Price Target Raised to GBX 16

Shanta Gold Limited (LON:SHG) had its price target hoisted by equities research analysts at Peel Hunt from GBX 14 ($0.18) to GBX 16 ($0.21) in a research note issued on Friday, May 5th. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective suggests a potential upside of 91.04% from the company’s current price.

Separately, FinnCap reaffirmed a “buy” rating on shares of Shanta Gold Limited in a report on Wednesday, May 3rd.

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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.

12 Month Chart for LON:SHG

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