Savannah Resources Plc (SAV) Receives “Speculative Buy” Rating from Beaufort Securities
A number of other equities analysts have also recently issued reports on the company. Northland Securities reissued a corporate rating on shares of Savannah Resources Plc in a report on Thursday, August 4th. Shore Capital reiterated a buy rating on shares of Savannah Resources Plc in a research report on Thursday, August 11th. Finally, Panmure Gordon reiterated a buy rating and issued a GBX 70 ($0.87) price objective (down from GBX 75 ($0.94)) on shares of Savannah Resources Plc in a research report on Tuesday, July 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 90 ($1.12).
Shares of Savannah Resources Plc (LON:SAV) traded up 4.76% on Wednesday, reaching GBX 5.50. The company’s stock had a trading volume of 2,728,642 shares. The stock has a 50-day moving average of GBX 4.24 and a 200 day moving average of GBX 3.73. The stock’s market capitalization is GBX 24.72 billion. Savannah Resources Plc has a 52 week low of GBX 1.28 and a 52 week high of GBX 5.57.
About Savannah Resources Plc
Savannah Resources Plc is a United Kingdom-based multi -commodity and multi-geographic development company. The Company’s principal activities include the exploration for copper in Oman and enhancement of the Company’s heavy mineral sands Project in Mozambique. The Company’s segments include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments.
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