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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reiterated by stock analysts at Canaccord Genuity Group in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 11 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 120.00% from the stock’s current price.

Savannah Resources Trading Down 2.0%

SAV traded down GBX 0.10 during trading on Monday, reaching GBX 5. 2,992,531 shares of the company’s stock were exchanged, compared to its average volume of 4,713,664. The company has a current ratio of 4.50, a quick ratio of 13.42 and a debt-to-equity ratio of 1.37. Savannah Resources has a one year low of GBX 3.20 and a one year high of GBX 7.70. The firm has a fifty day moving average price of GBX 5.70 and a two-hundred day moving average price of GBX 6.01. The stock has a market capitalization of £156.13 million, a PE ratio of -26.60 and a beta of 0.74.

Savannah Resources (LON:SAV) last released its quarterly earnings results on Friday, September 18th. The company reported GBX (8) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that Savannah Resources will post 3.39 earnings per share for the current fiscal year.

Savannah Resources Company Profile

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.