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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating restated by Canaccord Genuity Group in a research note issued to investors on Monday, Digital Look reports. They presently have a GBX 11 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 115.69% from the company’s previous close.

Savannah Resources Price Performance

Shares of LON:SAV opened at GBX 5.10 on Monday. The firm has a 50 day simple moving average of GBX 5.72 and a 200 day simple moving average of GBX 6.01. Savannah Resources has a 52 week low of GBX 3.20 and a 52 week high of GBX 7.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 13.42 and a current ratio of 4.50. The company has a market cap of £159.25 million, a PE ratio of -27.13 and a beta of 0.74.

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