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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 11 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 101.10% from the company’s current price.

Savannah Resources Price Performance

Shares of Savannah Resources stock opened at GBX 5.47 on Wednesday. The company has a current ratio of 4.50, a quick ratio of 13.42 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of GBX 5.78 and a 200-day simple moving average of GBX 5.98. The stock has a market capitalization of £170.80 million, a price-to-earnings ratio of -29.10 and a beta of 0.74. Savannah Resources has a 1-year low of GBX 3.20 and a 1-year high of GBX 7.70.

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