Jane Street Group LLC Buys Shares of 231,604 NioCorp Developments Ltd. (NASDAQ:NB)

Jane Street Group LLC acquired a new stake in shares of NioCorp Developments Ltd. (NASDAQ:NB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 231,604 shares of the company's stock, valued at approximately $359,000. Jane Street Group LLC owned approximately 0.50% of NioCorp Developments as of its most recent SEC filing.

Separately, Northern Trust Corp acquired a new stake in shares of NioCorp Developments during the 4th quarter worth approximately $980,000. Institutional investors and hedge funds own 4.03% of the company's stock.

NioCorp Developments Stock Performance

Shares of NASDAQ:NB traded up $0.08 during midday trading on Thursday, reaching $2.77. 1,313,018 shares of the company's stock traded hands, compared to its average volume of 386,679. NioCorp Developments Ltd. has a 1 year low of $1.27 and a 1 year high of $4.15. The company has a market cap of $154.31 million, a P/E ratio of -3.60 and a beta of -0.37. The company has a fifty day simple moving average of $2.43 and a two-hundred day simple moving average of $2.02.

NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). As a group, research analysts forecast that NioCorp Developments Ltd. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright raised their price objective on shares of NioCorp Developments from $3.25 to $4.25 and gave the stock a "buy" rating in a research note on Tuesday, April 29th.

NioCorp Developments Profile

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.