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

Savannah Resources (LON:SAV)‘s stock had its “speculative buy” rating reissued by Canaccord Genuity Group in a research note issued to investors on Monday, October 19th, Digital Look reports. They presently have a GBX 11 price target on the stock. Canaccord Genuity Group‘s target price indicates a potential upside of 124.49% from the company’s current price.

Savannah Resources Price Performance

Savannah Resources stock remained flat at GBX 4.90 during trading hours on Monday. 4,632,138 shares of the company’s stock traded hands, compared to its average volume of 4,673,943. The company has a market cap of £153.00 million, a PE ratio of -26.06 and a beta of 0.74. Savannah Resources has a twelve month low of GBX 3.20 and a twelve month high of GBX 7.70. The company has a debt-to-equity ratio of 1.37, a current ratio of 4.50 and a quick ratio of 13.42. The stock has a 50-day simple moving average of GBX 5.66 and a 200-day simple moving average of GBX 6.01.

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