NioCorp Developments (NB) Projected to Post Quarterly Earnings on Friday

Key Points

• NioCorp is set to report results before the market opens on Friday, Feb. 6, with analysts projecting quarterly EPS of ($0.88); the company posted ($0.19) last quarter and consensus estimates show $0 EPS for the current and next fiscal years.
• The stock opened at $6.45, has a market cap of $769.9M, a negative P/E of -7.87 and a 52-week range of $1.59–$12.58; analysts have a consensus rating of Moderate Buy and an average price target of $8.32 (three Buys, one Sell).
• NioCorp is developing the Elk Creek critical‑minerals project in Nebraska to produce niobium, scandium and titanium for industrial, aerospace and clean‑energy applications.

NioCorp Developments (NASDAQ:NB - Get Free Report) is expected to be issuing its results before the market opens on Friday, February 6th. Analysts expect the company to announce earnings of ($0.88) per share for the quarter.

NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The company reported ($0.19) earnings per share for the quarter. On average, analysts expect NioCorp Developments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NioCorp Developments Stock Performance

Shares of NASDAQ NB opened at $6.45 on Friday. The firm has a market cap of $769.87 million, a price-to-earnings ratio of -7.87 and a beta of -0.14. The business's 50-day simple moving average is $6.21 and its 200-day simple moving average is $5.88. NioCorp Developments has a 52 week low of $1.59 and a 52 week high of $12.58.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. William Blair assumed coverage on NioCorp Developments in a research report on Monday, October 20th. They set an "outperform" rating for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NioCorp Developments in a report on Thursday, January 22nd. HC Wainwright raised their target price on shares of NioCorp Developments from $9.50 to $11.25 and gave the company a "buy" rating in a research note on Tuesday, January 13th. Finally, Loop Capital set a $8.70 target price on shares of NioCorp Developments in a research report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $8.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Legal & General Group Plc lifted its position in NioCorp Developments by 31.6% in the third quarter. Legal & General Group Plc now owns 7,584 shares of the company's stock worth $51,000 after purchasing an additional 1,822 shares during the period. JPMorgan Chase & Co. increased its holdings in NioCorp Developments by 17.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,831 shares of the company's stock valued at $193,000 after buying an additional 4,298 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of NioCorp Developments in the 3rd quarter valued at $40,000. Creative Planning raised its stake in shares of NioCorp Developments by 28.4% in the 3rd quarter. Creative Planning now owns 31,306 shares of the company's stock valued at $209,000 after buying an additional 6,924 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of NioCorp Developments by 31.3% during the 3rd quarter. NewEdge Advisors LLC now owns 33,931 shares of the company's stock worth $227,000 after acquiring an additional 8,092 shares during the period. Institutional investors and hedge funds own 4.03% of the company's stock.

NioCorp Developments Company Profile

NioCorp Developments Ltd is a North American critical minerals development company focused on advancing its flagship Elk Creek Critical Minerals Project in southeastern Nebraska. The company’s primary business activity centers on the exploration, evaluation and development of a polymetallic deposit that hosts significant quantities of niobium, scandium and titanium. Through metallurgical testing and prefeasibility studies, NioCorp aims to produce high-purity ferroniobium, high-purity titanium dioxide slag and scandium oxide for industrial, aerospace and clean-energy applications.

At the heart of NioCorp’s operations is the Elk Creek project, where the company holds surface rights and mineral leases across approximately 7,100 acres of land.

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