Rating Action: Peel Hunt Reiterates a “Buy” Rating on Shanta Gold Ltd (LON:SHG) and GBX 23.00 Target

November 30, 2016 - By Ruchi Gupta

Shanta Gold Ltd (LON:SHG) Rating

London: In a note issued to investors and clients on Wednesday morning, Peel Hunt maintained their “Buy” rating on shares of Shanta Gold Ltd (LON:SHG). They currently have a GBX 23.00 target price per share on the firm. Peel Hunt’s target gives a potential upside of 138.84% from the company’s last stock price.

Shanta Gold Limited (LON:SHG) Ratings Coverage

Out of 3 analysts covering Shanta Gold Ltd (LON:SHG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 23 is the highest target while GBX 8 is the lowest. The GBX 21.50 average target is 126.32% above today’s (GBX 9.5) stock price. Shanta Gold Ltd has been the topic of 28 analyst reports since November 19, 2015 according to StockzIntelligence Inc. FinnCap maintained it with “Buy” rating and GBX 20 target price in Monday, October 3 report. The firm earned “Buy” rating on Monday, May 23 by Peel Hunt. As per Monday, February 1, the company rating was maintained by Peel Hunt. The stock of Shanta Gold Limited (LON:SHG) has “Buy” rating given on Monday, June 27 by FinnCap. The company was maintained on Wednesday, August 17 by Peel Hunt. On Wednesday, June 15 the stock rating was maintained by FinnCap with “Buy”. The firm has “Buy” rating given on Wednesday, November 30 by Peel Hunt. FinnCap maintained Shanta Gold Limited (LON:SHG) on Monday, January 25 with “Buy” rating. The rating was maintained by FinnCap on Wednesday, March 23 with “Buy”. FinnCap maintained Shanta Gold Limited (LON:SHG) rating on Tuesday, April 19. FinnCap has “Buy” rating and GBX 13 price target.

About 777,407 shares traded hands. Shanta Gold Limited (LON:SHG) has risen 26.23% since April 29, 2016 and is uptrending. It has outperformed by 21.00% the S&P500.

Shanta Gold Limited is a gold producing firm engaged in the investment in gold exploration and production in Tanzania. The company has a market cap of 55.65 million GBP. The Firm is engaged in mining, processing, exploration and related activities. It currently has negative earnings. The Company’s Tanzanian assets include New Luika Gold Mine, Singida, Songea and Lupa Goldfield exploration.

According to Zacks Investment Research, “Shinhan Financial Group is Korea’s largest financial services company. Shinhan Bank is the Group’s flagship subsidiary, and, when combined with the recently acquired Chohung Bank, is Korea’s second largest banking operation. Besides banking, the Group operates subsidiaries in securities, credit cards, asset management, leasing, bancassurance, and project finance.”

SHG Company Profile

Shinhan Financial Group Co., Ltd. (SFG), incorporated on October 1, 2001, is a financial holding company. The Firm operates through five divisions: commercial banking services, which are provided by Shinhan Bank Co., Ltd. (Shinhan Bank); credit card services, which are provided by Shinhan Card Co., Ltd. (Shinhan Card); securities brokerage services, which are provided by Shinhan Investment Corp. (Shinhan Investment); life insurance services, which are provided by Shinhan Life Insurance Co., Ltd. (Shinhan Life Insurance), and other. The Company’s other services include leasing and equipment financing, regional banking services, savings banking services, loan collection and credit reporting, collective investment administrative services and financial system development services, as well as engaging in private equity investments through formation of private equity funds on a private placement basis. It also offers asset management services, including brokerage and trading of various securities, related margin lending, deposit and trust services, and other asset management services.

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