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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 11 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 103.70% from the stock’s previous close.

Savannah Resources Price Performance

Shares of LON SAV traded up GBX 0.05 during midday trading on Wednesday, reaching GBX 5.40. The stock had a trading volume of 1,688,864 shares, compared to its average volume of 4,824,392. 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 stock has a 50-day moving average of GBX 5.77 and a 200-day moving average of GBX 5.97. The company has a market capitalization of £168.62 million, a price-to-earnings ratio of -28.72 and a beta of 0.74. Savannah Resources has a 12-month low of GBX 3.20 and a 12-month 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 for the quarter. As a group, research analysts anticipate that Savannah Resources will post 3.39 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.