Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Savannah Resources (LON:SAV)

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity Group in a report released on Monday, Digital Look reports. They presently have a GBX 11 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 115.69% from the stock’s previous close.

Savannah Resources Stock Performance

SAV opened at GBX 5.10 on Monday. Savannah Resources has a twelve month low of GBX 3.20 and a twelve month high of GBX 7.70. The company has a 50-day simple moving average of GBX 5.72 and a 200 day simple moving average of GBX 6.01. The company has a quick ratio of 13.42, a current ratio of 4.50 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of £159.25 million, a price-to-earnings ratio of -27.13 and a beta of 0.74.

Savannah Resources (LON:SAV) last announced its quarterly earnings data on Friday, September 18th. The company reported GBX (8) earnings per share (EPS) for the quarter. Analysts predict that Savannah Resources will post 3.39 EPS 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.