NioCorp Developments (NASDAQ:NB - Free Report) had its price objective raised by Maxim Group from $4.00 to $5.00 in a report published on Friday,Benzinga reports. Maxim Group currently has a buy rating on the stock.
Separately, HC Wainwright reduced their price target on shares of NioCorp Developments from $4.25 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd.
Check Out Our Latest Report on NioCorp Developments
NioCorp Developments Stock Performance
NB traded up $0.02 during trading on Friday, reaching $3.08. 2,849,691 shares of the company's stock were exchanged, compared to its average volume of 505,078. The company's fifty day moving average price is $2.52 and its 200-day moving average price is $2.24. NioCorp Developments has a fifty-two week low of $1.27 and a fifty-two week high of $4.15. The firm has a market capitalization of $171.59 million, a PE ratio of -3.95 and a beta of -0.37.
NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its quarterly earnings results on Friday, July 11th. The company reported ($0.16) earnings per share for the quarter. Research analysts forecast that NioCorp Developments will post -0.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NioCorp Developments
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NB. Wealth Enhancement Advisory Services LLC acquired a new position in NioCorp Developments in the 2nd quarter worth $27,000. Virtu Financial LLC boosted its stake in shares of NioCorp Developments by 158.0% during the 4th 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 last quarter. CreativeOne Wealth LLC boosted its stake in shares of NioCorp Developments by 76.0% during the 1st quarter. CreativeOne Wealth LLC now owns 29,983 shares of the company's stock worth $59,000 after buying an additional 12,946 shares during the last quarter. PFG Advisors boosted its stake in shares of NioCorp Developments by 384.2% during the 1st quarter. PFG Advisors now owns 181,168 shares of the company's stock worth $357,000 after buying an additional 143,750 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of NioCorp Developments during the 4th quarter worth about $359,000. 4.03% of the stock is owned by institutional investors and hedge funds.
About NioCorp Developments
(
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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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