Loncor Gold (TSE:LN) Given a C$0.80 Price Target by Fundamental Research Analysts

Fundamental Research set a C$0.80 target price on Loncor Gold (TSE:LN) in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Loncor Gold Stock Up 1.3 %

LN stock opened at C$0.39 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.77 and a current ratio of 2.24. The company has a market capitalization of C$60.30 million, a price-to-earnings ratio of -2.05 and a beta of 1.14. Loncor Gold has a fifty-two week low of C$0.26 and a fifty-two week high of C$0.53. The stock has a fifty day moving average of C$0.37 and a 200-day moving average of C$0.38.

Loncor Gold (TSE:LN) last issued its earnings results on Tuesday, August 13th. The company reported C($0.01) EPS for the quarter.

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.