NioCorp Developments (NASDAQ:NB - Free Report) had its target price raised by Maxim Group from $4.00 to $5.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.
Separately, HC Wainwright dropped their price objective on NioCorp Developments from $4.25 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd.
Check Out Our Latest Stock Report on NioCorp Developments
NioCorp Developments Stock Performance
NB traded up $0.69 during midday trading on Friday, reaching $3.77. 3,025,140 shares of the company were exchanged, compared to its average volume of 516,981. The company's fifty day moving average price is $2.52 and its 200 day moving average price is $2.25. The company has a market cap of $210.03 million, a price-to-earnings ratio of -11.09 and a beta of -0.37. NioCorp Developments has a one year low of $1.27 and a one year high of $4.15.
NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its earnings results on Friday, July 11th. The company reported ($0.16) earnings per share for the quarter. As a group, sell-side analysts anticipate that NioCorp Developments will post -0.34 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NioCorp Developments
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NioCorp Developments in the second quarter worth $27,000. Armistice Capital LLC purchased a new stake in shares of NioCorp Developments in the first quarter worth $2,573,000. CreativeOne Wealth LLC raised its position in shares of NioCorp Developments by 76.0% in the first quarter. CreativeOne Wealth LLC now owns 29,983 shares of the company's stock worth $59,000 after buying an additional 12,946 shares in the last quarter. PFG Advisors raised its position in shares of NioCorp Developments by 384.2% in the first quarter. PFG Advisors now owns 181,168 shares of the company's stock worth $357,000 after buying an additional 143,750 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of NioCorp Developments in the fourth quarter worth $359,000. Institutional investors own 4.03% of the company's stock.
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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