HC Wainwright Has Positive Outlook of NB FY2026 Earnings

Key Points

• HC Wainwright raised its FY2026 earnings per share (EPS) estimate for NioCorp Developments to ($0.28), improving from the previous estimate of ($0.37), while maintaining a "Buy" rating and an $8.25 target price.
• Maxim Group also increased their price target for NioCorp Developments from $4.00 to $5.00, contributing to a consensus price target of $6.63 from multiple analysts.
• Institutional ownership of NioCorp Developments has increased, with large investors significantly boosting their positions, bringing institutional ownership to 4.03%.

NioCorp Developments Ltd. (NASDAQ:NB - Free Report) - Investment analysts at HC Wainwright boosted their FY2026 earnings per share (EPS) estimates for NioCorp Developments in a report released on Monday, September 22nd. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.28) for the year, up from their prior forecast of ($0.37). HC Wainwright currently has a "Buy" rating and a $8.25 target price on the stock. The consensus estimate for NioCorp Developments' current full-year earnings is ($0.34) per share.

Separately, Maxim Group increased their price target on shares of NioCorp Developments from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $6.63.

NioCorp Developments Stock Up 2.5%

NB stock opened at $6.14 on Wednesday. The firm has a market capitalization of $477.45 million, a PE ratio of -18.06 and a beta of -0.29. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $6.55. The stock has a 50-day simple moving average of $4.25 and a two-hundred day simple moving average of $3.06.

NioCorp Developments (NASDAQ:NB - Get Free Report) last released its quarterly earnings data on Friday, July 11th. The company reported ($0.16) earnings per share (EPS) for the quarter. NioCorp Developments has set its FY 2025 guidance at -0.350--0.350 EPS.

Institutional Trading of NioCorp Developments

Large investors have recently modified their holdings of the business. Private Management Group Inc. purchased a new position in shares of NioCorp Developments during the second quarter worth about $4,890,000. Armistice Capital LLC bought a new stake in NioCorp Developments during the first quarter valued at approximately $2,573,000. Geode Capital Management LLC lifted its position in NioCorp Developments by 2,376.5% during the second quarter. Geode Capital Management LLC now owns 644,182 shares of the company's stock valued at $1,501,000 after purchasing an additional 618,170 shares during the last quarter. Northern Trust Corp purchased a new position in NioCorp Developments in the 4th quarter worth approximately $980,000. Finally, Jane Street Group LLC bought a new position in shares of NioCorp Developments in the 4th quarter worth $359,000. 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.

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