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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity Group in a report issued on Monday,Digital Look reports. They currently have a GBX 1,300 price objective 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 note on Friday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 656.50.

Savannah Resources Trading Up 0.4%

Shares of SAV stock opened at GBX 6.93 on Monday. Savannah Resources has a 12-month low of GBX 3.10 and a 12-month high of GBX 7.70. The company has a market capitalization of £178.39 million, a PE ratio of -38.50 and a beta of 0.70. The firm has a 50 day moving average price of GBX 5.42 and a two-hundred day moving average price of GBX 4.68. 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 (LON:SAV) last posted its earnings results on Thursday, April 16th. The company reported GBX (0.18) EPS for the quarter. As a group, 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.