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

Fundamental Research set a C$1.57 target price on Loncor Gold (TSE:LN) in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Loncor Gold Stock Up 5.3 %

Shares of Loncor Gold stock opened at C$0.60 on Thursday. The business’s fifty day moving average price is C$0.53 and its two-hundred day moving average price is C$0.45. 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 company has a market capitalization of C$92.77 million, a P/E ratio of -3.16 and a beta of 1.16. Loncor Gold has a 1-year low of C$0.30 and a 1-year high of C$0.64.

About Loncor Gold

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.