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

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

Loncor Gold Stock Performance

Loncor Gold stock opened at C$0.38 on Tuesday. The firm has a 50 day simple moving average of C$0.37 and a 200-day simple moving average of C$0.38. Loncor Gold has a 1-year low of C$0.26 and a 1-year high of C$0.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.24 and a quick ratio of 0.77. The stock has a market cap of C$58.75 million, a price-to-earnings ratio of -2.00 and a beta of 1.14.

Loncor Gold (TSE:LN) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C($0.01) earnings per share 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.