Analyst at Numis Reiterates Shanta Gold Ltd (LON:SHG)Stock Rating as a ‘”Buy”’

August 17, 2018 - By Benjamin Allen

Shanta Gold Ltd (LON:SHG) Rating Reaffirmed

In an analyst note revealed to investors on 17 August, Numis reaffirmed their “Buy” rating on Shanta Gold Ltd (LON:SHG) shares.

Shanta Gold Limited (LON:SHG) Ratings Coverage

Among 2 analysts covering Shanta Gold Ltd (LON:SHG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Shanta Gold Ltd has GBX 13 highest and GBX 12 lowest target. GBX 12.50’s average target is 171.74% above currents GBX 4.6 stock price. Shanta Gold Ltd had 11 analyst reports since April 17, 2018 according to SRatingsIntel. The stock has “Buy” rating by Numis Securities on Friday, April 20. The firm earned “Buy” rating on Friday, July 20 by Numis Securities. Peel Hunt maintained Shanta Gold Limited (LON:SHG) on Thursday, August 16 with “Buy” rating. The stock has “Buy” rating by Peel Hunt on Wednesday, July 18. Numis Securities maintained it with “Buy” rating and GBX 12 target in Tuesday, April 17 report. On Thursday, June 21 the stock rating was maintained by Numis Securities with “Buy”. The rating was maintained by Peel Hunt on Thursday, June 14 with “Buy”. The company was maintained on Thursday, April 19 by Peel Hunt. The rating was maintained by Peel Hunt with “Buy” on Friday, July 20. The firm earned “Buy” rating on Friday, April 27 by Peel Hunt.

It closed at GBX 4.6 lastly. It is down 0.00% since August 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Shanta Gold Limited engages in gold mining, development, and exploration in Tanzania. The company has market cap of 35.83 million GBP. It holds a 100% interest in New Luika Gold Mine property located in the Lupa Goldfield district in south-western Tanzania; 90% interest in Singida project located in central Tanzania; and exploration properties covering approximately 1300 square kilometers in the under explored ex-colonial mining areas of Lupa Goldfield surrounding the New Luika Gold Mine, as well as 65 square kilometers of prospecting licenses at Songea in south-western Tanzania. It has a 7.67 P/E ratio.

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