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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by analysts at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 11 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 101.10% from the stock’s current price.

Savannah Resources Stock Performance

Shares of Savannah Resources stock opened at GBX 5.47 on Wednesday. The company’s 50 day moving average price is GBX 5.78 and its two-hundred day moving average price is GBX 5.98. The firm has a market capitalization of £170.80 million, a P/E ratio of -29.10 and a beta of 0.74. Savannah Resources has a fifty-two week low of GBX 3.20 and a fifty-two week high of GBX 7.70. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.50 and a quick ratio of 13.42.

Savannah Resources (LON:SAV) last announced its quarterly earnings results on Friday, September 18th. The company reported GBX (8) earnings per share (EPS) for the quarter. On average, equities analysts forecast that Savannah Resources will post 3.3898305 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.