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

Canaccord Genuity Group reissued their speculative buy rating on shares of Savannah Resources (LON:SAV) in a research note published on Monday morning,Digital Look reports. The firm currently has a GBX 11 target price on the stock.

Savannah Resources Stock Down 2.0%

Savannah Resources stock opened at GBX 5 on Monday. 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 market capitalization of £156.13 million, a price-to-earnings ratio of -26.60 and a beta of 0.74. Savannah Resources has a 1-year low of GBX 3.20 and a 1-year high of GBX 7.70. The business has a fifty day moving average price of GBX 5.70 and a 200-day moving average price of GBX 6.01.

Savannah Resources (LON:SAV) last announced its earnings results on Friday, September 18th. The company reported GBX (8) earnings per share for the quarter. Equities research analysts forecast 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.