Fundamental Research Analysts Give Loncor Gold (TSE:LN) a C$0.80 Price Target

Fundamental Research set a C$0.80 target price on Loncor Gold (TSE:LN) in a research note released on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Loncor Gold Stock Down 1.3 %

Shares of TSE LN opened at C$0.38 on Tuesday. Loncor Gold has a 12-month low of C$0.26 and a 12-month high of C$0.53. The stock has a market cap of C$58.75 million, a PE ratio of -2.00 and a beta of 1.14. The company has a current ratio of 2.24, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of C$0.37 and a 200 day moving average of C$0.38.

Loncor Gold (TSE:LN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Loncor Gold Company Profile

Loncor Gold Inc, a gold exploration company, engages in the acquisition, exploration, and development of precious metal projects in the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo and Canada. It explores for gold and platinum deposits. The company holds 84.68% interest in the Adumbi project, which consist of two mining licenses covering an area of 361 square kilometers located within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo.