LN : Loncor Resources Inc Stock Profile

Last Updated: 3/12/2024 0:47:16

Loncor Resources Inc trades with the ticker LN on the TSX and is in the Gold industry.

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 explores for gold and platinum deposits. The company holds 84.68% interest in the Adumbi project, which consist of two mining licenses 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.

Looking to invest in Loncor Resources Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

LN.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $52.835MM

PE Ratio:

Price: 0.34 (Updated: 3/12/2024 0:47:16)

Loncor Resources Inc (LN) vs Competitors in Gold

Lets see how LN.TO stacks up against others in the Gold asset management industry. We have identified its main peers as:

Barrick Gold Corporation, Agnico Eagle Mines Limited, Alamos Gold Inc, Galiano Gold Inc, Alio Gold Inc


Gold Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Barrick Gold Corporation (ABX) $37,376.086 21.948 7.456 2.6%
Agnico Eagle Mines Limited (AEM) $37,307.372 14.049 9.752 2.9%
Alamos Gold Inc (AGI) $7,157.749 25.408 14.058 0.8%
Galiano Gold Inc (AKG) $353.306 N/A 0.0 0.0%
Alio Gold Inc (ALO) $168.547 N/A 0.0 0.0%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Gold

  • Loncor Resources Inc (LN) vs Barrick Gold Corporation (ABX)
    • ABX has higher EPS (0.97 vs -0.01). ABX provides dividends, while LN does not. LN has a P/E under 0, indicating ABX (P/E 21.948) is in a better position.
  • Loncor Resources Inc (LN) vs Agnico Eagle Mines Limited (AEM)
    • AEM has higher EPS (5.34 vs -0.01). AEM provides dividends, while LN does not. LN has a P/E under 0, indicating AEM (P/E 14.049) is in a better position.
  • Loncor Resources Inc (LN) vs Alamos Gold Inc (AGI)
    • AGI has higher EPS (0.71 vs -0.01). AGI provides dividends, while LN does not. LN has a P/E under 0, indicating AGI (P/E 25.408) is in a better position.
  • Loncor Resources Inc (LN) vs Galiano Gold Inc (AKG)
    • AKG has higher EPS (-0.003 vs -0.01). AKG provides dividends, while LN does not. AKG and LN both have P/E’s under 0.
  • Loncor Resources Inc (LN) vs Alio Gold Inc (ALO)
    • LN has higher EPS (-0.01 vs -0.274). ALO provides dividends, while LN does not. ALO and LN both have P/E’s under 0.

Our Recommendation: Hold
Features a lower EV/EBITDA ratio (-25.81) than the industry average (-2.10), indicating attractive valuation.

How to Buy LN stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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