NioCorp Developments Ltd. (NASDAQ:NB - Free Report) - HC Wainwright increased their FY2025 EPS estimates for NioCorp Developments in a research note issued to investors on Tuesday, April 29th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.24) per share for the year, up from their previous forecast of ($0.34). HC Wainwright has a "Buy" rating and a $4.25 price objective on the stock. The consensus estimate for NioCorp Developments' current full-year earnings is ($0.34) per share.
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, topping the consensus estimate of ($0.03) by $0.02.
Separately, Maxim Group started coverage on shares of NioCorp Developments in a research report on Wednesday, January 8th. They issued a "buy" rating and a $4.00 price target on the stock.
Check Out Our Latest Research Report on NB
NioCorp Developments Trading Down 6.0 %
NASDAQ:NB opened at $2.49 on Thursday. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $4.15. The firm has a market cap of $116.58 million, a price-to-earnings ratio of -3.23 and a beta of -0.33. The company has a 50-day moving average of $2.20 and a 200-day moving average of $1.89.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of NioCorp Developments in the 3rd quarter valued at approximately $29,000. Northern Trust Corp acquired a new stake in NioCorp Developments during the 4th quarter valued at $980,000. Finally, Jane Street Group LLC purchased a new stake in shares of NioCorp Developments in the fourth quarter valued at $359,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.
NioCorp Developments Company Profile
(
Get 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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