Savannah Resources’ (SAV) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 1,300 price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft restated a “speculative buy” rating and issued a GBX 13 price target on shares of Savannah Resources in a research report on Friday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 656.50.

Savannah Resources Price Performance

Savannah Resources stock opened at GBX 6.93 on Monday. The stock’s fifty day moving average price is GBX 5.42 and its two-hundred day moving average price is GBX 4.68. Savannah Resources has a one year low of GBX 3.10 and a one year high of GBX 7.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.60 and a quick ratio of 13.42. The firm has a market cap of £178.39 million, a PE ratio of -38.50 and a beta of 0.70.

Savannah Resources (LON:SAV) last released its earnings results on Thursday, April 16th. The company reported GBX (0.18) 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.