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 research analysts at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 11 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 100.00% from the company’s current price.

Savannah Resources Trading Up 2.8%

LON SAV opened at GBX 5.50 on Wednesday. Savannah Resources has a 52 week low of GBX 3.20 and a 52 week high of GBX 7.70. The firm has a 50 day moving average of GBX 5.78 and a two-hundred day moving average of GBX 5.98. The company has a quick ratio of 13.42, a current ratio of 4.50 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of £171.74 million, a PE ratio of -29.26 and a beta of 0.74.

Savannah Resources (LON:SAV) last announced its quarterly earnings data on Friday, September 18th. The company reported GBX (8) earnings per share for the quarter. As a group, research analysts expect that Savannah Resources will post 3.3898305 EPS 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.