Loncor Gold Corrects Financial Statements for Q1 2025

Loncor Gold ( (TSE:LN) ) has shared an update.

On May 21, 2025, Loncor Gold Inc. announced the re-filing of its interim condensed consolidated financial statements for the period ending March 31, 2025. The re-filing was necessary to correct an error in the property, plant, and equipment note, which now includes an additional $234,625 for a right-of-use asset. This adjustment affects the total asset balance and book value as of March 31, 2025. The correction is crucial for stakeholders as it ensures the accuracy of the company’s financial reporting, which is vital for maintaining investor confidence and regulatory compliance.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.57 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. operates in the mining industry, focusing primarily on gold exploration and development. The company is based in Toronto, Ontario, Canada, and is involved in the acquisition and exploration of mineral properties, with a particular emphasis on gold projects.

Average Trading Volume: 191,388

Technical Sentiment Signal: Buy

Current Market Cap: C$145.3M

Find detailed analytics on LN stock on TipRanks’ Stock Analysis page.