Barclays Reaffirms Overweight Rating for Savannah Resources (SAV)

Barclays reaffirmed their overweight rating on shares of Savannah Resources (LON:SAV) in a research note issued to investors on Tuesday.

Several other equities research analysts have also commented on SAV. FinnCap reiterated a corporate rating on shares of Savannah Resources in a research note on Thursday, June 14th. Northland Securities reiterated a corporate rating on shares of Savannah Resources in a research note on Thursday, June 14th. Finally, Northland Capital Partners reiterated a corporate rating on shares of Savannah Resources in a research note on Thursday, September 6th. One investment analyst has rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 23.53 ($0.31).

SAV opened at GBX 6.55 ($0.09) on Tuesday. Savannah Resources has a fifty-two week low of GBX 4.62 ($0.06) and a fifty-two week high of GBX 6.92 ($0.09).

In other Savannah Resources news, insider Christopher Michael McGarty sold 2,037,500 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of GBX 8 ($0.10), for a total value of £163,000 ($212,988.37).

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.

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