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The latest update is out from Loncor Gold ( (TSE:LN) ).
Loncor Gold has sold its entire 60.23% stake in KGL Resources, disposing of 8,857,142 KGL common shares through a private agreement on February 10, 2026. The divestiture, valued at C$620,000 or about C$0.07 per share, forms part of a broader plan of arrangement under which Loncor is being acquired, and leaves the company with no remaining interest in KGL.
The consideration for the KGL shares was structured as a reduction in the buyer’s compensation entitlement arising from the closing of the acquisition arrangement. This transaction streamlines Loncor’s asset base ahead of the change in control and triggers early warning reporting obligations under Canadian securities regulations for KGL’s public disclosure.
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 Canadian mining company focused on gold exploration and development, with assets and interests concentrated in resource projects. The company operates within the broader precious metals sector and is engaged in managing and optimizing its portfolio of mining-related holdings and investments.
Average Trading Volume: 299,665
Technical Sentiment Signal: Buy
Current Market Cap: C$241.4M
See more insights into LN stock on TipRanks’ Stock Analysis page.