▲ +78.79% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Loncor Resources in the last 3 months. The average price target is C$1.18, with a high forecast of C$1.18 and a low forecast of C$1.18. The average price target represents a 78.79% upside from the last price of C$0.66.
The current consensus among 1 polled investment analysts is to buy (strong buy) stock in Loncor Resources.
Loncor Resources 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. The company also explores for platinum deposits. It holds 100% interests in the Yindi project located in the southern part of the Archean Ngayu Greenstone Belt; and the Makapela project situated in the western part of the Archean Ngayu Greenstone Belt. The company also holds interests in the Ngayu gold project located in the Tshopo Province, the Democratic Republic of the Congo; and the North Kivu project situated in the North Kivu Province in eastern Democratic Republic of the Congo, as well as 76% interest in the Imbo project, including the three resource bearing deposits of Adumbi, Kitenge, and Manzako. The company was formerly known as Nevada Bob's International Inc. and changed its name to Loncor Resources Inc. in November 2008. Loncor Resources Inc. is headquartered in Toronto, Canada.