NioCorp Developments (NASDAQ:NB - Free Report) had its price target reduced by HC Wainwright from $4.25 to $4.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.
NioCorp Developments Stock Performance
Shares of NASDAQ NB traded up $0.09 during midday trading on Thursday, reaching $2.43. The company's stock had a trading volume of 309,425 shares, compared to its average volume of 466,441. NioCorp Developments has a fifty-two week low of $1.27 and a fifty-two week high of $4.15. The business's 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.20. The company has a market cap of $135.10 million, a P/E ratio of -3.11 and a beta of -0.37.
NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.08). Sell-side analysts forecast that NioCorp Developments will post -0.34 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC grew its stake in shares of NioCorp Developments by 158.0% in the fourth quarter. Virtu Financial LLC now owns 34,355 shares of the company's stock worth $53,000 after purchasing an additional 21,038 shares during the last quarter. CreativeOne Wealth LLC grew its stake 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 purchasing an additional 12,946 shares during the last quarter. PFG Advisors grew its stake 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 purchasing an additional 143,750 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of NioCorp Developments in the fourth quarter worth $359,000. Finally, Northern Trust Corp bought a new stake in shares of NioCorp Developments in the fourth quarter worth $980,000. 4.03% of the stock is currently 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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