Savannah Resources’ (SAV) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating restated by Canaccord Genuity Group in a report released on Monday,Digital Look reports. They currently have a GBX 13 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 113.11% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a “speculative buy” rating and set a GBX 13 target price on shares of Savannah Resources in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 13.

Savannah Resources Stock Performance

Shares of LON SAV opened at GBX 6.10 on Monday. The business’s 50 day moving average is GBX 6.46 and its two-hundred day moving average is GBX 5.31. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42. Savannah Resources has a 1-year low of GBX 3.10 and a 1-year high of GBX 7.70. The stock has a market capitalization of £157.10 million, a P/E ratio of -33.89 and a beta of 0.74.

Savannah Resources (LON:SAV) last issued its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. As a group, research analysts expect that Savannah Resources will post 3.3898305 EPS for the current year.

About Savannah Resources

Savannah Resources Plc explores for and develops mineral properties. It holds interests in Mutamba heavy mineral sands project in Mozambique; copper and gold projects in the Sultanate of Oman; and lithium projects located in Somero and Eräjärvi in Finland. Savannah Resources also has a 75% stake in the Mina do Barroso Project in northern Portugal. The company was formerly known as African Mining and Exploration plc and changed its name to Savannah Resources Plc in September 2013. Savannah Resources Plc was incorporated in 2010 and is based in London, the United Kingdom.