NioCorp Developments (NASDAQ:NB - Get Free Report) announced its earnings results on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, Zacks reports. NioCorp Developments updated its FY 2025 guidance to -0.350--0.350 EPS.
NioCorp Developments Stock Up 0.7%
NB stock traded up $0.02 during midday trading on Friday, reaching $3.08. The company had a trading volume of 2,849,691 shares, compared to its average volume of 505,078. The stock has a 50 day moving average price of $2.52 and a 200 day moving average price of $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.
Analysts Set New Price Targets
Several brokerages recently weighed in on NB. Maxim Group boosted their price objective on NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a report on Friday. HC Wainwright lowered their price objective on NioCorp Developments from $4.25 to $4.00 and set a "buy" rating for the company in a report on Thursday, July 3rd.
Check Out Our Latest Research Report on NioCorp Developments
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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