Fundamental Research Reiterates C$1.57 Price Target for Loncor Gold (TSE:LN)

Loncor Gold (TSE:LN) received a C$1.57 price target from investment analysts at Fundamental Research in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price target points to a potential upside of 175.44% from the company’s current price.

Loncor Gold Stock Performance

Shares of LN stock traded down C$0.02 during trading on Thursday, reaching C$0.57. 15,500 shares of the company’s stock were exchanged, compared to its average volume of 63,552. Loncor Gold has a twelve month low of C$0.30 and a twelve month high of C$0.64. The firm’s fifty day moving average price is C$0.53 and its 200-day moving average price 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 stock has a market capitalization of C$88.13 million, a PE ratio of -3.00 and a beta of 1.16.

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.