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

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Savannah Resources (LON:SAVFree Report) in a research report sent to investors on Wednesday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 13 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “speculative buy” rating and set a GBX 13 target price on shares of Savannah Resources in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 13.

Check Out Our Latest Analysis on Savannah Resources

Savannah Resources Stock Performance

Savannah Resources stock opened at GBX 6.30 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 13.42 and a current ratio of 5.60. The company has a market capitalization of £162.25 million, a PE ratio of -35.00 and a beta of 0.76. The company has a 50 day moving average price of GBX 6.57 and a 200-day moving average price of GBX 5.57. Savannah Resources has a fifty-two week low of GBX 3.20 and a fifty-two week high of GBX 7.70.

Savannah Resources (LON:SAVGet Free Report) last announced its quarterly earnings data on Thursday, April 16th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. As a group, equities analysts forecast that Savannah Resources will post 3.3898305 earnings per share for the current year.

Savannah Resources Company Profile

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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.

Further Reading

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