tiprankstipranks
Trending News
More News >
Loncor Gold (LONCF)
OTHER OTC:LONCF

Loncor Gold (LONCF) AI Stock Analysis

Compare
9 Followers

Top Page

Loncor Gold (LONCF) vs. SPDR S&P 500 ETF (SPY)

Loncor Gold Business Overview & Revenue Model

Company DescriptionLoncor Gold Inc., a gold exploration company, engages in the acquisition, exploration, and development of precious metal projects in the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo. It also explores for platinum deposits. The company holds 84.68% interest in the Adumbi project, which consists of 6 mining leases covering an area of 361 square kilometers located within the Archaean Ngayu Greenstone Belt in the Ituri and Haut Uele provinces in northeastern Congo. It also holds 100% interest in the Isiro properties that consist of 11 exploration permits covering an area of 1,884 square kilometers situated in the province of Haut Uele, in northeastern Congo. In addition, Loncor Gold Inc. owns interest in North Kivu, Ngayu, Devon, Navarro, Makapela, and Yindi projects. The company was formerly known as Loncor Resources Inc. and changed its name to Loncor Gold Inc. in June 2021. Loncor Gold Inc. is headquartered in Toronto, Canada.
How the Company Makes Money

Loncor Gold Financial Statement Overview

Summary
Loncor Gold faces significant financial challenges with no revenue, increasing losses, and negative cash flows, impacting its profitability and sustainability. Despite a low debt-to-equity ratio, declining assets and equity suggest weakening financial stability.
Income Statement
10
Very Negative
Loncor Gold reported no revenue across multiple periods, with increasing losses as indicated by negative EBIT and net income. This highlights significant financial challenges and inefficiencies in operations or market conditions, reflecting poor profitability and growth trajectory.
Balance Sheet
35
Negative
The company maintains a relatively low level of total debt compared to equity, indicating low financial leverage, which is generally positive. However, the consistent decline in total assets and equity over time could indicate a weakening financial position. The company’s equity ratio remains favorable, suggesting some level of financial stability despite the negative trends.
Cash Flow
30
Negative
Negative operating cash flows and free cash flow indicate cash outflows exceeding inflows, highlighting liquidity concerns. The company's reliance on financing activities to support operations is unsustainable in the long term, reflecting potential cash flow instability.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-82.99K0.00-151.36K-175.07K-185.35K-196.69K
EBIT
-4.17M-2.22M-2.81M-3.28M-2.19M-1.57M
EBITDA
-3.93M-2.29M-2.66M-3.11M-2.01M-1.37M
Net Income Common Stockholders
-4.16M-21.27M-3.04M-3.76M-2.28M-1.80M
Balance SheetCash, Cash Equivalents and Short-Term Investments
77.70K639.68K182.18K154.15K256.62K77.70K
Total Assets
29.67M24.37M42.89M40.33M32.67M29.67M
Total Debt
1.57M332.87K335.66K166.29K386.39K618.46K
Net Debt
1.49M-306.81K153.48K12.13K129.77K540.76K
Total Liabilities
2.39M2.80M1.70M1.99M1.79M2.39M
Stockholders Equity
27.29M21.57M41.19M38.33M30.88M27.29M
Cash FlowFree Cash Flow
-1.09M-2.56M-5.24M-9.66M-4.20M-1.11M
Operating Cash Flow
-3.01M-2.56M-2.87M-1.65M-1.41M-878.42K
Investing Cash Flow
4.00M1.71M-2.37M-8.02M-2.94M-324.61K
Financing Cash Flow
-127.26K1.31M5.26M9.56M4.52M629.83K

Loncor Gold Risk Analysis

Loncor Gold disclosed 29 risk factors in its most recent earnings report. Loncor Gold reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Loncor Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$73.97M-22.65%
TSXTG
61
Neutral
C$93.73M28.5321.41%-55.15%
51
Neutral
$2.02B-1.14-21.37%3.64%2.88%-30.57%
TSLME
45
Neutral
C$82.05M-36.90%8.40%
TSLIO
41
Neutral
C$95.28M-8.48%3111.09%-120.48%
TSELO
36
Underperform
C$109.02M-17.56%13.39%
$83.52M-128.21%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
LONCF
Loncor Gold
0.42
0.10
31.25%
TSE:ELO
Eloro Resources
1.16
-0.30
-20.55%
TSE:LIO
Lion One Metals
0.32
-0.20
-38.46%
TSE:LME
Laurion Mineral Exploration
0.30
-0.10
-25.00%
TSE:XTG
Xtra-Gold Resource
2.04
0.66
47.83%
CBGZF
Cabral Gold
0.34
0.11
47.83%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.