Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Loncor Gold ( (TSE:LN) ) just unveiled an announcement.
Loncor Gold Inc. announced the election of six directors during its annual shareholders meeting. The election results, which were overwhelmingly in favor of the nominees, reflect strong shareholder support and are expected to reinforce the company’s strategic direction in gold exploration within the Democratic Republic of the Congo.
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. 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 over two decades of experience operating in the DRC and is primarily focused on the Imbo Project, which includes the Adumbi deposit with significant indicated and inferred mineral resources.
Average Trading Volume: 307,400
Technical Sentiment Signal: Hold
Current Market Cap: C$87.72M
For an in-depth examination of LN stock, go to TipRanks’ Overview page.