NioCorp Developments (NASDAQ:NB) Stock Price Up 0.5% - Should You Buy?

Key Points

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NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report) was up 0.5% during trading on Monday . The company traded as high as $4.41 and last traded at $4.37. Approximately 2,521,301 shares changed hands during trading, a decline of 51% from the average daily volume of 5,144,176 shares. The stock had previously closed at $4.35.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NB shares. HC Wainwright dropped their price objective on shares of NioCorp Developments from $4.25 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Maxim Group lifted their price target 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $4.50.

NioCorp Developments Trading Down 1.0%

The business has a fifty day simple moving average of $3.28 and a two-hundred day simple moving average of $2.66. The company has a market cap of $243.43 million, a PE ratio of -12.18 and a beta of -0.35.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in NioCorp Developments in the 4th quarter valued at $359,000. Northern Trust Corp purchased a new position in shares of NioCorp Developments during the 4th quarter worth $980,000. PFG Advisors raised its holdings 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 acquiring an additional 143,750 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of NioCorp Developments during the 2nd quarter worth $30,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NioCorp Developments during the 2nd quarter worth $205,000. Hedge funds and other institutional investors own 4.03% of the company's stock.

About NioCorp Developments

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.