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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity Group in a research note issued on Friday, Digital Look reports. They currently have a GBX 11 target price on the stock. Canaccord Genuity Group‘s price objective indicates a potential upside of 115.69% from the company’s current price.

Savannah Resources Stock Performance

Savannah Resources stock opened at GBX 5.10 on Friday. The company has a quick ratio of 13.42, a current ratio of 4.50 and a debt-to-equity ratio of 1.37. Savannah Resources has a twelve month low of GBX 3.20 and a twelve month high of GBX 7.70. The firm has a fifty day simple moving average of GBX 5.59 and a two-hundred day simple moving average of GBX 5.67. The company has a market capitalization of £159.25 million, a PE ratio of -27.13 and a beta of 0.74.

Savannah Resources (LON:SAV) last announced its earnings results on Friday, September 18th. The company reported GBX (8) EPS for the quarter. Research analysts expect that Savannah Resources will post 3.39 EPS for the current 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.