Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Loncor Gold ( (TSE:LN) ) has issued an update.
Loncor Gold Inc. announced positive results from its deep drilling program at the Adumbi deposit, revealing multiple gold intersections. The results, including significant grades and widths, are expected to enhance the company’s resource base and strengthen its position in the gold exploration industry.
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, where the Adumbi deposit holds significant gold resources.
Average Trading Volume: 348,026
Technical Sentiment Signal: Buy
Current Market Cap: C$114M
For a thorough assessment of LN stock, go to TipRanks’ Stock Analysis page.