Thu Sep 19 05:45:57 UTC 2024: ## Loncor Gold (TSE:LN) Receives “Buy” Rating and C$0.80 Price Target

**Toronto, Canada – September 19, 2024** – Research analysts at Fundamental Research have issued a “buy” rating and a C$0.80 price target for Loncor Gold (TSE:LN) in a recent report. This price target represents a potential upside of 105.13% from the stock’s previous close.

Loncor Gold, a gold exploration company focused on projects in the Democratic Republic of Congo and Canada, saw its shares open at C$0.39 on Tuesday. The company’s 50-day moving average price is C$0.37, while its 200-day moving average is C$0.38. Loncor Gold has a 52-week low of C$0.26 and a 52-week high of C$0.53.

The company reported earnings per share (EPS) of C($0.01) for the quarter ending August 13th. Loncor Gold’s key assets include the Adumbi project, covering 361 square kilometers within the Ngayu Greenstone Belt in northeastern Congo, where the company holds an 84.68% interest.

Loncor Gold’s market capitalization is C$60.30 million, and it currently has a P/E ratio of -2.05 and a beta of 1.14. Its financial ratios include a quick ratio of 0.77, a current ratio of 2.24, and a debt-to-equity ratio of 1.30.

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