Canaccord Genuity Group Reaffirms Speculative Buy Rating for Savannah Resources (LON:SAV)

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 13 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 106.35% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a “speculative buy” rating and issued a GBX 13 target price on shares of Savannah Resources in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Savannah Resources currently has an average rating of “Buy” and a consensus target price of GBX 13.

Savannah Resources Stock Performance

LON SAV opened at GBX 6.30 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42. Savannah Resources has a 1-year low of GBX 3.20 and a 1-year high of GBX 7.70. The business has a 50 day simple moving average of GBX 6.59 and a two-hundred day simple moving average of GBX 5.56. The stock has a market capitalization of £162.25 million, a PE ratio of -35.00 and a beta of 0.76.

Savannah Resources (LON:SAV) last issued its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. On average, research analysts predict that Savannah Resources will post 3.3898305 EPS for the current fiscal 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.