Loncor Gold (TSE:LN) Given a C$1.70 Price Target by Fundamental Research Analysts

Key Points

• Loncor Gold has been given a price target of C$1.70 by Fundamental Research, suggesting a potential upside of 153.73% from its current stock price.
• The company has a market cap of C$72.84 million and a P/E ratio of -2.24, reflecting financial performance challenges.
• Loncor Gold focuses on gold exploration and development in the DRC, with a primary project aimed at expanding a 3.66 million oz resource near the Kibali Mine.

Fundamental Research set a C$1.70 price objective on Loncor Gold (TSE:LN - Free Report) in a report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Loncor Gold Stock Down 4.5%

TSE:LN traded down C$0.03 during trading hours on Wednesday, reaching C$0.64. 99,180 shares of the company traded hands, compared to its average volume of 206,635. The business's 50-day moving average price is C$0.59 and its two-hundred day moving average price is C$0.61. The stock has a market capitalization of C$69.58 million, a P/E ratio of -2.14 and a beta of 1.16. Loncor Gold has a 1 year low of C$0.34 and a 1 year high of C$0.95. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61.

Loncor Gold Company Profile

Loncor Gold Inc is a gold exploration and project development company with projects in the North East of the DRC. Elements of management have had 25 years of exposure to the DRC. The company is focused on expanding the 3.66M oz Adumbi resource, 220kms from Africa's largest gold producer, the Kibali Mine.