Loncor Gold (TSE:LN) Given a C$1.57 Price Target at Fundamental Research

Loncor Gold (TSE:LN) has been given a C$1.57 price target by stock analysts at Fundamental Research in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s price objective indicates a potential upside of 175.44% from the stock’s current price.

Loncor Gold Price Performance

LN stock traded down C$0.02 during midday trading on Thursday, reaching C$0.57. The company had a trading volume of 15,500 shares, compared to its average volume of 63,552. The company has a market capitalization of C$88.13 million, a price-to-earnings ratio of -3.00 and a beta of 1.16. The stock has a 50 day moving average price of C$0.53 and a 200-day moving average price of C$0.45. Loncor Gold has a 1-year low of C$0.30 and a 1-year high of C$0.64. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77.

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.