NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report)'s stock price shot up 0.4% during trading on Thursday . The company traded as high as $2.45 and last traded at $2.40. 302,753 shares changed hands during trading, a decline of 18% from the average session volume of 369,571 shares. The stock had previously closed at $2.39.
Wall Street Analyst Weigh In
Separately, HC Wainwright boosted their price objective on shares of NioCorp Developments from $3.25 to $4.25 and gave the company a "buy" rating in a report on Tuesday, April 29th.
Check Out Our Latest Stock Analysis on NioCorp Developments
NioCorp Developments Trading Down 1.0%
The stock has a market cap of $131.70 million, a P/E ratio of -3.20 and a beta of -0.37. The stock has a 50 day simple moving average of $2.36 and a 200 day simple moving average of $1.97.
NioCorp Developments (NASDAQ:NB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). Equities analysts anticipate that NioCorp Developments Ltd. will post -0.34 earnings per share for the current year.
Hedge Funds Weigh In On NioCorp Developments
A number of institutional investors have recently modified their holdings of the business. CreativeOne Wealth LLC increased its holdings in shares of NioCorp Developments by 76.0% during 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. Virtu Financial LLC increased its holdings in NioCorp Developments by 158.0% in the 4th quarter. Virtu Financial LLC now owns 34,355 shares of the company's stock worth $53,000 after purchasing an additional 21,038 shares in the last quarter. PFG Advisors raised its position in NioCorp Developments by 384.2% in the first quarter. PFG Advisors now owns 181,168 shares of the company's stock valued at $357,000 after purchasing an additional 143,750 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of NioCorp Developments during the fourth quarter valued at about $359,000. Finally, Northern Trust Corp bought a new stake in shares of NioCorp Developments during the fourth quarter worth about $980,000. Institutional investors and hedge funds own 4.03% of the company's stock.
About NioCorp Developments
(
Get Free Report)
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.
Further Reading
Before you consider NioCorp Developments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NioCorp Developments wasn't on the list.
While NioCorp Developments currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
