Research Analysts Offer Predictions for NB FY2025 Earnings

NioCorp Developments Ltd. (NASDAQ:NB - Free Report) - Stock analysts at HC Wainwright increased their FY2025 EPS estimates for NioCorp Developments in a research report issued on Tuesday, April 29th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.24) per share for the year, up from their prior estimate of ($0.34). HC Wainwright currently has a "Buy" rating and a $4.25 price target on the stock. The consensus estimate for NioCorp Developments' current full-year earnings is ($0.34) per share.

Separately, Maxim Group began coverage on shares of NioCorp Developments in a research report on Wednesday, January 8th. They set a "buy" rating and a $4.00 target price for the company.

NioCorp Developments Stock Performance

NASDAQ NB traded down $0.01 on Thursday, reaching $2.50. The stock had a trading volume of 313,805 shares, compared to its average volume of 353,174. NioCorp Developments has a 12-month low of $1.27 and a 12-month high of $4.15. The business's 50-day moving average price is $2.22 and its 200 day moving average price is $1.90. The stock has a market cap of $134.40 million, a P/E ratio of -3.24 and a beta of -0.37.

NioCorp Developments (NASDAQ:NB - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02.

Institutional Trading of NioCorp Developments

Institutional investors have recently modified their holdings of the company. Northern Trust Corp acquired a new stake in shares of NioCorp Developments in the fourth quarter worth $980,000. Jane Street Group LLC acquired a new stake in NioCorp Developments in the 4th quarter valued at $359,000. PFG Advisors lifted its stake in shares of NioCorp Developments by 384.2% during the first quarter. PFG Advisors now owns 181,168 shares of the company's stock worth $357,000 after purchasing an additional 143,750 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of NioCorp Developments by 158.0% in the fourth quarter. Virtu Financial LLC now owns 34,355 shares of the company's stock worth $53,000 after buying an additional 21,038 shares during the period. Hedge funds and other institutional investors own 4.03% of the company's stock.

About NioCorp Developments

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.