Loncor Gold (TSE:LN) PT Set at C$1.57 by Fundamental Research

Loncor Gold (TSE:LN) has been given a C$1.57 price target by stock analysts at Fundamental Research in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price suggests a potential upside of 161.67% from the company’s current price.

Loncor Gold Price Performance

TSE LN opened at C$0.60 on Thursday. The firm’s 50 day moving average is C$0.53 and its 200-day moving average is C$0.45. The company has a quick ratio of 0.77, a current ratio of 2.24 and a debt-to-equity ratio of 1.30. The company has a market capitalization of C$92.77 million, a PE ratio of -3.16 and a beta of 1.16. Loncor Gold has a 12-month low of C$0.30 and a 12-month high of C$0.64.

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.