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

Fundamental Research set a C$1.57 price target on Loncor Gold (TSE:LNFree Report) in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Loncor Gold Price Performance

Shares of TSE:LN opened at C$0.60 on Thursday. 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 business’s 50 day moving average is C$0.54 and its 200 day moving average is C$0.45. The stock has a market cap of C$92.77 million, a P/E ratio of -3.16 and a beta of 1.16. Loncor Gold has a 52-week low of C$0.30 and a 52-week high of C$0.64.

About Loncor Gold

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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.

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