NioCorp Developments (NASDAQ:NB - Free Report) had its price target raised by HC Wainwright from $3.25 to $4.25 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for NioCorp Developments' FY2025 earnings at ($0.24) EPS.
Separately, Maxim Group initiated coverage on NioCorp Developments in a report on Wednesday, January 8th. They issued a "buy" rating and a $4.00 price target for the company.
Check Out Our Latest Stock Report on NioCorp Developments
NioCorp Developments Stock Down 2.1 %
Shares of NASDAQ NB traded down $0.05 during trading on Tuesday, hitting $2.31. The company had a trading volume of 783,358 shares, compared to its average volume of 351,842. NioCorp Developments has a fifty-two week low of $1.27 and a fifty-two week high of $4.15. The stock has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $1.90. The firm has a market capitalization of $124.43 million, a price-to-earnings ratio of -3.00 and a beta of -0.37.
NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. On average, analysts anticipate that NioCorp Developments will post -0.34 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in NB. Virtu Financial LLC purchased a new position in shares of NioCorp Developments in the 3rd quarter valued at approximately $29,000. Jane Street Group LLC purchased a new position in NioCorp Developments in the 4th quarter valued at $359,000. Finally, Northern Trust Corp acquired a new position in NioCorp Developments in the 4th quarter valued at $980,000. 4.03% of the stock is currently owned by hedge funds and other institutional investors.
NioCorp Developments Company Profile
(
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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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