Peel Hunt reissued their buy rating on shares of Shanta Gold Limited (LON:SHG) in a research report sent to investors on Wednesday morning, Marketbeat reports. They currently have a GBX 8.80 ($0.13) price objective on the stock.

Shares of Shanta Gold Limited (LON:SHG) opened at 7.750 on Wednesday. The stock has a 50 day moving average price of GBX 5.39 and a 200 day moving average price of GBX 5.33. Shanta Gold Limited has a 12-month low of GBX 4.00 and a 12-month high of GBX 11.45. The stock’s market capitalization is GBX 36.27 million.

Other equities research analysts have also recently issued research reports about the company. FinnCap reaffirmed a buy rating and set a GBX 13 ($0.19) price target on shares of Shanta Gold Limited in a report on Tuesday, January 19th. Beaufort Securities reissued a speculative buy rating on shares of Shanta Gold Limited in a report on Wednesday, January 20th.

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. It owns 100% interest in Songea property located in Mbinga and Songea administrative districts in the Ruvuma region of southern Tanzania. It also has over 90% ownership of the Singida mining licenses and 100% ownership of the prospecting licenses. The Singida property is located in Ikungi administrative district, Singida region, central Tanzania. The Company holds over 1300 square kilometers of prospective exploration ground in the Lupa Goldfield.

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 MarketBeat.com's FREE daily email newsletter.