Loncor Gold (LN) AI Stock Analysis

• Market Cap: C$239.56M
• Dividend Yield: N/A
• Average Volume (3M): 519.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.95
• Revenue Growth: N/A
• EPS Growth: 80.28%
• Country: CA
• Employees: 26
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 181,487,240
• 10 Day Avg. Volume: 973,009
• 30 Day Avg. Volume: 519,748
• PEG Ratio: 0.17
• Price to Book (P/B): 3.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: C$1.50 ▲(11.11% Upside)

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.

Loncor Gold Business Overview & Revenue Model

Company Description

Loncor 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 generates revenue primarily through the exploration and development of its gold mining properties. The company makes money by identifying and developing gold resources to a stage where they can be economically extracted. Revenue streams include selling gold extracted from its mining operations, entering into joint ventures or partnerships where it may receive funding or share profits from the development of its properties, and potentially through the sale of mining rights or properties to larger mining companies. Key factors contributing to Loncor's earnings include successful exploration results leading to increased resource estimates, securing funding or partnerships for project development, and favorable gold market conditions that increase the value of its assets.

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

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

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

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-91.17K	0.00	0.00	-151.36K	-175.07K	-185.35K
EBITDA	-4.44M	-3.33M	-2.29M	-2.66M	-3.73M	-2.01M
Net Income	-4.32M	-4.16M	-21.27M	-3.04M	-3.76M	-2.28M
Balance Sheet
Total Assets	35.71M	19.54M	24.37M	42.89M	40.33M	32.67M
Cash, Cash Equivalents and Short-Term Investments	2.86M	1.50M	639.68K	182.18K	154.15K	256.62K
Total Debt	272.06K	101.50K	332.87K	335.66K	166.29K	386.39K
Total Liabilities	1.78M	1.29M	2.80M	1.70M	1.99M	1.79M
Stockholders Equity	33.93M	18.25M	21.57M	41.19M	38.33M	30.88M
Cash Flow
Free Cash Flow	-1.10M	-3.05M	-2.56M	-5.24M	-9.66M	-4.20M
Operating Cash Flow	-2.44M	-3.01M	-2.56M	-2.87M	-1.65M	-1.41M
Investing Cash Flow	-3.93M	4.00M	1.71M	-2.37M	-8.02M	-2.94M
Financing Cash Flow	8.17M	-127.26K	1.31M	5.26M	9.56M	4.52M

Loncor Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.35
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LN, the sentiment is Neutral. The current price of 1.35 is above the 20-day moving average (MA) of 1.34, above the 50-day MA of 1.32, and above the 200-day MA of 0.89, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.78 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:LN.

Loncor Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ELO	59 Neutral	C$318.13M	-37.18	-10.89%	―	―	44.76%
LN	58 Neutral	C$239.56M	-35.19	-19.45%	―	―	80.28%
STLR	57 Neutral	C$249.48M	-8.23	-23.72%	―	―	15.32%
WGO	56 Neutral	C$270.15M	-96.83	-2.02%	―	―	-40.00%
BSX	52 Neutral	C$301.30M	-34.97	-47.58%	―	―	32.22%
GRZ	49 Neutral	C$618.48M	-15.60	-39.84%	―	―	-141.86%

Loncor Gold Corporate Events

Loncor Gold Secures Court Approval for Acquisition by Chengtun Mining

Loncor Gold Inc. has received final court approval for its arrangement with Chengtun Mining, allowing Chengtun’s subsidiary to acquire all outstanding shares of Loncor. This development is a significant step for Loncor, potentially enhancing its strategic positioning within the gold exploration industry and aligning with Chengtun’s focus on expanding its precious metals portfolio. The arrangement’s completion is still subject to remaining conditions, and further updates will be provided as they become available.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.

Loncor Gold Reports High-Grade Intersections at Adumbi Drill Program

Loncor Gold Inc. has announced promising results from its deep drilling program at the Adumbi deposit, revealing multiple high-grade gold intersections. The latest findings include significant gold grades and thicknesses that suggest potential for underground mining below the existing open pit shell. These developments could enhance Loncor’s operational capabilities and strengthen its position in the gold mining sector, offering potential benefits to stakeholders.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.

Loncor Gold Shareholders Approve Acquisition by Chengtun Mining

Loncor Gold Inc. announced that its shareholders have overwhelmingly approved the acquisition by Chengtun Mining Group Co., Ltd., with 99.70% voting in favor. This acquisition aligns with Chengtun’s strategic focus on gold and precious metals, potentially enhancing its market position in the energy and base metals sector. The transaction is pending a final court order and other closing conditions, with further updates to be provided by the company.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.

Loncor Gold Advances Acquisition Deal with Chengtun Mining

Loncor Gold Inc. has announced an update on its arrangement transaction with Chengtun Mining Group, which involves the acquisition of all outstanding shares of Loncor by Chengtun for Cdn$1.38 per share. Despite recent cautions from the Chinese Ministry of Foreign Affairs regarding operations in eastern DRC, Loncor’s Adumbi project remains unaffected and continues its drilling program. The company is moving forward with a special shareholder meeting scheduled for December 11, 2025, to seek approval for the transaction, which also requires court approval. The outcome of this transaction could significantly impact Loncor’s operations and market positioning.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.

Loncor Gold Calls Shareholders’ Meeting for Acquisition Approval

Loncor Gold Inc. has announced a special shareholders’ meeting to approve a proposed arrangement with Chengtun Mining Group Co., Ltd., which involves the acquisition of all outstanding common shares of Loncor for Cdn$1.38 per share. The board of directors, after a thorough review and consultation with advisors, recommends shareholders vote in favor of the arrangement, which requires approval by a significant majority and court sanctioning. Shareholders representing 37% of the shares have already agreed to support the transaction, indicating strong backing for the deal.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.

Loncor Gold Announces Promising Drill Results at Adumbi Deposit

Loncor Gold Inc. announced multiple gold intersections from its deep drilling program at the Adumbi deposit, revealing promising results with significant mineralized zones. These findings, particularly from borehole LADD031, demonstrate the potential for substantial gold resources below the current open pit shell, which could enhance Loncor’s market position and attract stakeholder interest.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.

Loncor Gold Acquired by Chengtun Mining for C$261 Million

Loncor Gold Inc. has announced its acquisition by Chengtun Mining Group Co., Ltd. for approximately C$261 million, with the transaction offering a 33% premium over the 30-day average trading price of Loncor shares. This all-cash deal provides immediate liquidity to shareholders and mitigates future risks, while Chengtun Mining, with its extensive experience in new energy metals, plans to leverage its resources to develop Loncor’s Imbo project.

The most recent analyst rating on (TSE:LN) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Loncor Gold stock, see the TSE:LN Stock Forecast page.