Savannah Resources (LON:SAV) Given “Speculative Buy” Rating at Canaccord Genuity Group

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 13 target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 115.77% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “speculative buy” rating and set a GBX 13 price target on shares of Savannah Resources in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 13.

Savannah Resources Stock Performance

Shares of LON SAV opened at GBX 6.03 on Wednesday. Savannah Resources has a 52-week low of GBX 3.10 and a 52-week high of GBX 7.70. The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of £155.17 million, a price-to-earnings ratio of -33.47 and a beta of 0.70. The stock’s fifty day simple moving average is GBX 6.17 and its 200 day simple moving average is GBX 5.07.

Savannah Resources (LON:SAV) last issued its quarterly earnings results on Thursday, April 16th. The company reported GBX (0.18) earnings per share for the quarter. As a group, sell-side analysts forecast that Savannah Resources will post 3.3898305 earnings per share for the current fiscal 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.