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

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 research report report published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Loncor Gold Stock Down 3.0%

Shares of Loncor Gold stock traded down C$0.02 on Wednesday, hitting C$0.65. 67,180 shares of the company's stock traded hands, compared to its average volume of 206,425. Loncor Gold has a 52-week low of C$0.34 and a 52-week high of C$0.95. The company has a quick ratio of 0.77, a current ratio of 1.73 and a debt-to-equity ratio of 0.61. The stock has a market cap of C$70.66 million, a P/E ratio of -2.17 and a beta of 1.16. The firm's 50-day moving average is C$0.59 and its 200 day moving average is C$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.