Savannah Resources (LON:SAV) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reiterated by equities researchers at Canaccord Genuity Group in a research report issued on Monday,Digital Look reports. They presently have a GBX 13 target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 113.11% from the company’s previous close.

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

Savannah Resources Stock Performance

SAV opened at GBX 6.10 on Monday. The stock has a market capitalization of £157.10 million, a price-to-earnings ratio of -33.89 and a beta of 0.74. The company has a fifty day moving average of GBX 6.46 and a 200 day moving average of GBX 5.31. Savannah Resources has a fifty-two week low of GBX 3.10 and a fifty-two week high of GBX 7.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 13.42 and a current ratio of 5.60.

Savannah Resources (LON:SAV) last announced its quarterly earnings results on Thursday, April 16th. The company reported GBX (0.18) EPS 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.