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The latest announcement is out from Loncor Gold ( (TSE:LN) ).
Loncor Gold Inc. has sold its entire 60.23% stake in KGL Resources Ltd., amounting to 8,857,142 common shares, via a private agreement on February 10, 2026. The divestment fully removes Loncor’s equity exposure to KGL and is valued at C$620,000, or approximately C$0.07 per share.
The transaction forms part of a broader plan of arrangement under which Loncor itself is being acquired, with the KGL shares included among assets carved out in advance. Consideration for the KGL stake was structured as a reduction in the buyer’s compensation in the acquisition, signaling Loncor’s move to streamline its asset base ahead of the change in ownership.
The most recent analyst rating on (TSE:LN) stock is a Hold with a C$1.50 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 Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn), partly offset by low leverage. Technicals are supportive with price above major moving averages and positive momentum. Corporate events are a meaningful positive due to the advancing acquisition process and strong drill results, while valuation support is limited because earnings are negative and no dividend yield is provided.
To see Spark’s full report on TSE:LN stock, click here.
More about Loncor Gold
Loncor Gold Inc. is a Canada-based gold exploration and development company with assets and interests focused on resource projects, including holdings in other mining entities such as KGL Resources Ltd. Operating from Toronto, it participates in transactions that optimize its portfolio in the broader mining and resources sector.
Average Trading Volume: 299,665
Technical Sentiment Signal: Buy
Current Market Cap: C$241.4M
For detailed information about LN stock, go to TipRanks’ Stock Analysis page.