Savannah Resources (LON:SAV) Earns Speculative Buy Rating from Canaccord Genuity Group

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 13 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 100.00% from the stock’s current price.

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

Savannah Resources Trading Up 4.0%

Shares of SAV opened at GBX 6.50 on Wednesday. Savannah Resources has a 1-year low of GBX 3.10 and a 1-year high of GBX 7.70. The company has a 50-day moving average of GBX 6.62 and a 200 day moving average of GBX 5.53. The firm has a market capitalization of £167.40 million, a price-to-earnings ratio of -36.11 and a beta of 0.76. 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 (LON:SAV) last issued its earnings results on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. On average, 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.