NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report) was the target of some unusual options trading on Monday. Investors acquired 49,083 call options on the company. This represents an increase of approximately 904% compared to the typical volume of 4,890 call options.
NioCorp Developments Stock Performance
NioCorp Developments stock traded up $0.67 during midday trading on Monday, reaching $11.06. 19,615,656 shares of the company were exchanged, compared to its average volume of 2,548,161. The company has a market capitalization of $860.30 million, a price-to-earnings ratio of -32.24 and a beta of -0.18. The firm's 50-day simple moving average is $5.47 and its 200-day simple moving average is $3.61. NioCorp Developments has a 1 year low of $1.27 and a 1 year high of $12.58.
NioCorp Developments (NASDAQ:NB - Get Free Report) last posted its quarterly earnings data on Friday, July 11th. The company reported ($0.16) EPS for the quarter. On average, analysts forecast that NioCorp Developments will post -0.34 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of NioCorp Developments in a research report on Wednesday, October 8th. Maxim Group raised their price target on NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, HC Wainwright lifted their price objective on NioCorp Developments from $4.00 to $8.25 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $6.63.
Read Our Latest Research Report on NioCorp Developments
Institutional Trading of NioCorp Developments
A number of hedge funds have recently added to or reduced their stakes in the business. Quotient Wealth Partners LLC acquired a new stake in NioCorp Developments in the 3rd quarter worth about $90,000. Blue Capital Inc. acquired a new stake in NioCorp Developments in the 2nd quarter worth about $36,000. Raymond James Financial Inc. boosted its stake in NioCorp Developments by 176.9% in the 2nd quarter. Raymond James Financial Inc. now owns 93,712 shares of the company's stock worth $218,000 after buying an additional 59,863 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in NioCorp Developments in the 2nd quarter worth about $66,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in NioCorp Developments in the 2nd quarter worth about $46,000. 4.03% of the stock is owned by institutional investors and hedge funds.
About NioCorp Developments
(
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.
Further Reading
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