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

Fundamental Research set a C$1.57 price objective on Loncor Gold (TSE:LN) in a research note released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Loncor Gold Stock Performance

Shares of LN stock opened at C$0.60 on Thursday. Loncor Gold has a 1-year low of C$0.30 and a 1-year high of C$0.64. The company has a current ratio of 2.24, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The company has a market capitalization of C$92.77 million, a price-to-earnings ratio of -3.16 and a beta of 1.16. The stock’s fifty day simple moving average is C$0.53 and its 200-day simple moving average is C$0.45.

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.