Savannah Resources (LON:SAV) Receives Speculative Buy Rating from Deutsche Bank Aktiengesellschaft

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday,London Stock Exchange reports. They currently have a GBX 13 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 89.78% from the company’s previous close.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 11 price target on shares of Savannah Resources in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Savannah Resources currently has a consensus rating of “Buy” and an average target price of GBX 12.

Savannah Resources Trading Up 1.0%

LON SAV traded up GBX 0.07 on Friday, reaching GBX 6.85. The company had a trading volume of 12,934,934 shares, compared to its average volume of 6,906,298. The stock’s 50 day moving average is GBX 5.38 and its 200-day moving average is GBX 4.66. The stock has a market cap of £176.33 million, a price-to-earnings ratio of -38.06 and a beta of 0.70. The company has a quick ratio of 13.42, a current ratio of 5.60 and a debt-to-equity ratio of 1.38. Savannah Resources has a 52 week low of GBX 3.10 and a 52 week high of GBX 7.70.

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