Jane Street Group LLC purchased a new position in shares of NioCorp Developments Ltd. (NASDAQ:NB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 filing with the SEC.
Separately, Northern Trust Corp bought a new stake in NioCorp Developments in the 4th quarter valued at $980,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.
NioCorp Developments Price Performance
NASDAQ:NB traded up $0.19 on Wednesday, hitting $2.70. 639,616 shares of the company's stock were exchanged, compared to its average volume of 379,914. The firm has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.01. The company has a market cap of $150.41 million, a P/E ratio of -3.51 and a beta of -0.37. NioCorp Developments Ltd. has a 52 week low of $1.27 and a 52 week high of $4.15.
NioCorp Developments (NASDAQ:NB - Get Free Report) last issued 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). On average, research analysts expect that NioCorp Developments Ltd. will post -0.34 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, HC Wainwright boosted their price objective on NioCorp Developments from $3.25 to $4.25 and gave the stock a "buy" rating in a research note on Tuesday, April 29th.
View Our Latest Report on NioCorp Developments
NioCorp Developments Profile
(
Free Report)
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.
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