NioCorp Developments (NASDAQ:NB) Sets New 12-Month High - Time to Buy?

Key Points

• NioCorp Developments Ltd. shares reached a new 52-week high at $10.10, closing at $9.95 with significant trading volume of approximately 4.61 million shares.
• Analysts have mixed ratings for the stock, with two giving a Buy rating and one issuing a Sell, while the average target price is set at $6.63.
• The company's market cap is reported at $765.16 million, with a recent quarterly earnings report showing a loss per share of ($0.16) and a fiscal year 2025 EPS guidance of -0.350.

NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $10.10 and last traded at $9.95, with a volume of 4607541 shares trading hands. The stock had previously closed at $8.77.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NB shares. HC Wainwright increased their target price on shares of NioCorp Developments from $4.00 to $8.25 and gave the company a "buy" rating in a research note on Monday, September 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of NioCorp Developments in a research note on Wednesday. Finally, Maxim Group increased their target price on shares of NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.63.

NioCorp Developments Stock Performance

The firm has a market cap of $765.16 million, a P/E ratio of -28.94 and a beta of -0.18. The firm's fifty day moving average price is $5.18 and its 200 day moving average price is $3.48.

NioCorp Developments (NASDAQ:NB - Get Free Report) last posted its quarterly earnings results on Friday, July 11th. The company reported ($0.16) EPS for the quarter. NioCorp Developments has set its FY 2025 guidance at -0.350--0.350 EPS. As a group, analysts expect that NioCorp Developments Ltd. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of NioCorp Developments

A number of institutional investors have recently modified their holdings of the company. Blue Capital Inc. bought a new stake in shares of NioCorp Developments in the 2nd quarter valued at about $36,000. Raymond James Financial Inc. boosted its holdings in shares of NioCorp Developments by 176.9% in the 2nd quarter. Raymond James Financial Inc. now owns 93,712 shares of the company's stock valued at $218,000 after buying an additional 59,863 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of NioCorp Developments in the 2nd quarter valued at about $66,000. The Manufacturers Life Insurance Company bought a new stake in shares of NioCorp Developments in the 2nd quarter valued at about $46,000. Finally, NewEdge Advisors LLC bought a new stake in shares of NioCorp Developments in the 2nd quarter valued at about $60,000. 4.03% of the stock is currently owned by institutional investors.

NioCorp Developments Company Profile

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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