Peel Hunt Reaffirms “Buy” Rating for Shanta Gold (SHG)

Shanta Gold (LON:SHG)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 13 ($0.18) target price on the stock. Peel Hunt’s price target would indicate a potential upside of 135.08% from the stock’s previous close.

Separately, FinnCap restated an “under review” rating on shares of Shanta Gold in a report on Tuesday, September 12th.

Shares of Shanta Gold (LON SHG) opened at GBX 5.53 ($0.07) on Wednesday. The stock has a market capitalization of $43.76 and a price-to-earnings ratio of -553.00. Shanta Gold has a twelve month low of GBX 3 ($0.04) and a twelve month high of GBX 12.75 ($0.17).

In related news, insider Luke Leslie bought 765,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £30,600 ($41,497.15). Also, insider Robin Anthony Fryer sold 30,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of GBX 5 ($0.07), for a total value of £1,500 ($2,034.17).

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at

About Shanta Gold

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


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit