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The latest update is out from Loncor Gold ( (TSE:LN) ).
Loncor Gold Inc. has announced an update on its arrangement transaction with Chengtun Mining Group, which involves the acquisition of all outstanding shares of Loncor by Chengtun for Cdn$1.38 per share. Despite recent cautions from the Chinese Ministry of Foreign Affairs regarding operations in eastern DRC, Loncor’s Adumbi project remains unaffected and continues its drilling program. The company is moving forward with a special shareholder meeting scheduled for December 11, 2025, to seek approval for the transaction, which also requires court approval. The outcome of this transaction could significantly impact Loncor’s operations and market positioning.
The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.
Spark’s Take on TSE:LN Stock
According to Spark, TipRanks’ AI Analyst, TSE:LN is a Underperform.
Loncor Gold’s stock score is primarily impacted by its financial instability, characterized by no revenue, rising losses, and negative cash flows. While technical analysis shows some potential for positive momentum, the company’s valuation remains poor with a negative P/E ratio. Notable corporate events highlight future growth potential but do not offset current financial challenges.
To see Spark’s full report on TSE:LN stock, click here.
More about Loncor Gold
Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo. The company has a significant resource base in the Ngayu Belt, primarily focused on the Imbo Project, which includes the Adumbi deposit. Loncor has over two decades of operational experience in the DRC, and its projects hold substantial indicated and inferred gold resources.
YTD Price Performance: 128.81%
Average Trading Volume: 559,544
Technical Sentiment Signal: Buy
Current Market Cap: C$245M
For an in-depth examination of LN stock, go to TipRanks’ Overview page.